Title Insurance

Our affiliated company, County Abstract Insurance Company, Inc., has been involved in thousands of real estate transactions ranging from the small first time buyer to complex corporate closings. County Abstract Insurance Co. is a title abstract company since 1980 operated by the principals of Tellie & Coleman, PC. The Company is an agent of Old Republic National Title Insurance Company. We are staffed and prepared to fulfill your title insurance and legal representation needs. It is our goal to provide effective representation while at the same time maintaining the level of stability and communication necessary for smooth closings.

Title insurance is absolute protection against loss arising from problems connected to the title of your property.  Before you purchased your home, it may have gone through several ownership changes, and the land on which it stands went through many more. There may be a weak link at any point in that chain that could emerge to cause trouble. Title insurance covers the insured party for any claims and legal fees that arise out of title problems.

A loan policy of title insurance protects the lender up to the amount of the mortgage, but it doesn’t protect your equity in the property. For that you need an owner’s title policy for the full value of the home. Depending on local custom, buyers or sellers pay for the owner policy as part of their closing costs.

Title policies are indemnity policies that protect against loss. Even though an insurer issues a policy to indicate that title has been searched and nothing irregular appears, no search is 100% dependable. That is why an insurance policy is issued.  Insurers generally offer discounts on policies taken out within short periods after the preceding policy. In some cases, discounts are available as far out as 10 years from the date of the previous policy.