FAQ

Typical Questions

If you're purchasing land or real estate, you probably have some questions about title insurance. For your convenience, we've included our responses to some commonly asked questions.

To learn more or to purchase coverage, call Cross Timbers Title Company, Inc. at 
940-872-6131.

Do I Need Title Insurance?

Most definitely! Title insurance is a means of protecting yourself from financial loss in the event that problems develop regarding the rights of ownership to your property. There may be hidden title defects that even the most careful title search will not reveal. 

In addition to protection from financial loss, title insurance pays the cost of defending you against any covered claim.

Will the Lender's Title Insurance Protect Me?

Not necessarily. There are two types of title insurance. A lender’s policy ensures that your lender has a valid lien on the property. Most lenders require this type of insurance and will typically require the borrower to pay for it. 

On the other hand, an owner's policy protects your interest in the property. Title troubles, such as improper estate proceedings or pending legal action, could put your equity at serious risk. If a valid claim is filed, in addition to covering the financial loss up to the face value of the policy, your owner’s title policy will pay for the cost of legal advice.
Call Us for Your Underwriting and Title Insurance Needs
940-872-6131
Deniece Lindsey, Records Clerk, Data Entry
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