Manzo & Associates, P.A. is a full service title insurance agency. Title insurance is a form of indemnity insurance that insures against financial loss from defects in title to real property. Title insurance will defend against a lawsuit attacking the title, or reimburse the insured for the actual monetary loss incurred up to the dollar amount of insurance provided by the policy. Title insurance can be purchased to insure any interest in real property, including an easement, lease or life estate.
There are two types of policies – owner and lender. Just as lenders require fire insurance and other types of insurance coverage to protect their investment, nearly all institutional lenders also require title insurance [a loan policy] to protect their interest in the collateral of loans secured by real estate. Buyers purchasing properties for cash or with a mortgage lender often want title insurance [an owner policy] as well. A loan policy provides no coverage or benefits for the buyer/owner and so the decision to purchase an owner policy is independent of the lender’s decision to require a loan policy.
Manzo & Associates is a full service title insurance agency. We are proud to write policies for Chicago Title Insurance Company.
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