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Even When You’re Right
Even when you know you’re right, you can get into a legal dispute. Say you’re driving down the street, following all the traffic rules, signs and signals and someone pulls out in front of you and hits you. It was the other driver’s fault – the other driver failed to yield the right-of-way, but that still leaves you with a smashed car and the inconvenience.
A property title claim is like a car wreck. It is the collision of your ownership rights with a challenge. The dispute could be completely bogus- Cousin Alfie says Aunt Ignatius left the house to him, except your property never had a house on it-but you are responsible to defend your ownership. Cousin Alfie doesn’t have a case- he’s not even your cousin- but he can get your property by default if you don’t defend yourself.
It is very expensive to be totally innocent and right. No matter how right you are and how wrong Cousin Alfie is, you have to defend your ownership rights in a court of law…. And that gets expensive!
Who knows what Cousin Alfie’s smoking, but you’re gonna want some if you have to foot that bill to hire a lawyer out of pocket. That’s where paying a one-time fee for title insurance is a grand luxury.
Title Insurance covers the legal expense to defend your ownership rights…. And provides the lawyer.
Yeah, a title claim is a hassle, like having to take your car to the body shop, but with title insurance, it means the repair bill is prepaid.
Even when you’re right, you’re responsible to defend that right. Title insurance can help in a big way.