At Speedy Title and Escrow, our mission is to provide you with unparalleled service and attention to detail when you work with us. That's why below we're answering a commonly asked question: is title insurance required in Michigan? Keep reading to learn more, or feel free to reach out to our friendly team now with any question you may have or to schedule a free consultation.
Michigan Title Insurance: Is It Required?
Michigan Title Insurance: Is It Required?
The Quick Answer
The quick answer is that title insurance is not required in Michigan — but that doesn't mean it isn't a good idea to have. In fact, we always recommend that our clients get title insurance when they purchase a property.
Why You Need Michigan Title Insurance
Title insurance protects you from any financial losses should there be any issues with the title to your property. For example, if it turns out that the seller didn't have the right to sell the property in the first place, you could be left footing the bill.
How Title Insurance Helps
Title insurance also protects you from any undisclosed liens or encumbrances on the property — meaning that if there are any debts or claims against the property that you weren't made aware of, you're still covered.
Get the Peace of Mind You Deserve
In short, title insurance gives you peace of mind and protection in the event that anything comes up with the title to your property — and at Speedy Title and Escrow, we believe that's worth the investment.
At the end of the day, we know that working with a title and escrow company can sometimes be intimidating. We want you to know that if you have any questions about title insurance or are ready to get started on your purchase, please don't hesitate to contact us today. We strive to be the local title company people turn to for expert title and escrow services and we're always happy to help. We look forward to hearing from you!