It’s hard to explain title insurance. Frankly, if we were to fully explain what title insurance is and does, I’m pretty sure eyes would glaze over – if people even stuck around to hear the whole thing. Realtors and Loan Officers often say they have trouble answering questions for their buyers, sellers and refinance borrowers and consumers want to know why they’re required to buy title insurance and what it does. So here goes: Title insurance is like a warranty that insures you really own the property and no one or no other entity has rights or claims to it. Title policies are issued and work in more than one channel. Someone selling the property must provide title insurance to the buyer so they can pass “clear title” and the buyer must buy a policy to protect their lender’s investment (banks are funny about loaning money on property to one person if someone else owns part or all of it). Anything that can constitute a claim to a property outside of the seller transferring it or the new buyer is called a “cloud on title.” Title is sort of like the other insurance you may have – auto for example – and it really is one of those things that you will be SUPER glad you have if you find out that you need it. The best part of owning and working at a title company is this: We get to handle your closing and be there at one of the most important moments in your lives and be excited with and for you. Everyone at GCS will say that’s the best, most gratifying part of their job. We’ll also explain title insurance in detail if you’ve got a couple hours and nothing to do…