Title insurance covers more than ever in the telecommuting trend. If you work from home, your real estate title insurance is pulling double duty to protect your personal and professional life, because it’s insuring the place where you live as well as where you work. Therefore, good title is good business.
Telecommuting is the big trend in work style. While working at home was once the exclusive purview of housewives and homemade entrepreneurs, the 2010 U.S. Census Bureau reports a 67% increase in home-based work for employees of private companies over the past decade.
By combining your primary residence with your primary source of income—your job—you tie workplace security to your home ownership rights. Any question or claim to your real estate title could put your jobsite at jeopardy. That makes title insurance more valuable than ever.
Title Insurance is a policy that protects the real estate owner from financial loss due to a challenge against his or her real estate ownership.
Title insurance costs a low, one-time fee, typically purchased at your real estate closing. However, if you have inherited your home or your home was given to you by a family member, it is never too late to insure your real estate. Title insurance provides and pays for the legal defense of your real estate ownership should somebody challenge your rights to the property.
If you are uncertain of your title insurance coverage, you can call Land Title of America, Inc. at (904) 797-9600 for a free status check.
By C. J. Godwin