產權保險
What is title insurance?
Owners policies – protects the property owner. The price of the title policy is usually part of your “closing” costs. The closing is the time when all the papers related to the property sale are signed and explained. This usually happens at a title agent’s office.
*️⃣ This only covers the value of your property at the time you buy it. It does not cover any increase in your property value unless you buy extra coverage.
Lenders or loan policies – protects the lender’s interest.
*️⃣ Lenders will require you to buy a new loan policy if you refinance your home. The new lender policy replaces the old lender policy. You will get a premium discount on the new policy if you refinance within seven years of your first loan.
必知術語
Closing costs – the amount you pay to complete a property sale or purchase. Closing costs may include a down payment, taxes, fees, title insurance, and real estate commissions.
Heir – a person with a legal right to inherit property.
Lender – an organization or person that lends money. For example, a bank is a lender.
Lien – a right to keep possession of property owned by another person until a debt is paid off.
Premium – the amount you pay for title insurance.
保單——您與保險公司之間簽訂的合約。保單會說明承保範圍，以及保險公司必須支付的理賠金額。