This regularly-scheduled sponsored Q&A column is written by Will Wiard, Arlington-based real estate broker, voted one of Washington’s Best Realtors of 2015 by Washingtonian. Please submit your questions via email.
Q: I’m in the market for a new home and have started researching the costs. I know I need title insurance. How do I decide the type of insurance and find the right insurance provider?
A: Buying a home is often the single biggest investment a person makes in their lifetime. Selecting your type of coverage and provider are few of many important decisions you’ll make when going through the process. And, if you’re financing the purchase, you may need more than one kind of insurance. In addition to title insurance, you’ll most likely purchase homeowner’s insurance to protect your property and mortgage insurance if required by the lender.
What is title insurance?
In short, title insurance protects a real estate owner against fraudulent activity regarding documentation, including unknown wills or other claims that may arise from prior owners that were not discovered during a title search. Title insurance will typically cover you up to the sales price of the home.
You can also elect for an enhanced policy that can provide coverage 150 percent beyond the standard policy, which includes mechanic liens, forgeries and any other issue that may affect the title after the policy is issued.
In some cases, a purchaser may elect not to get title insurance altogether. Although it might not be recommended, you do have the option.
To explore your options, I recommend asking a local title company. Ask these companies for a breakdown of your options and costs before making a decision.
Thank you for this week’s question. Please keep them coming to [email protected]. This is also a great place to reach me for anyone looking to buy or sell a home in the Arlington area.
The views and opinions expressed in the column are those of the author and do not necessarily reflect the views of ARLnow.com.
Good Wednesday evening, Arlington. Today we published articles that were read a total of 10000 times… so far. 📈 Top stories The following are the most-read articles for today —…
Police are investigating the first reported homicide of the year in Arlington. According to Arlington County police, a man was found dead in an apartment on the 100 block of…
3 Car Detached Garages
Last week, the Arlington County Board voted unanimously to allow homeowners, builders and developers to convert or build new 2-6 unit homes throughout the county.
Synetic Theater Camps are a wildly fun, highly accessible choice for young people who love moving, playing games, and making memories. Registration is open now for Summer Camps (sessions June 20-August 25) and there are even a few spots left for Spring Break camp, April 3-7.
Located in National Landing, these performance-based camps are designed for students of all ages – no theater or performance experience required.
Led by professional teaching artists, campers learn acting, movement, and technical theater skills through the lens of Physical Theater. Physical Theater incorporates acting, movement, dance, mime, and acrobatics. If you’ve seen a Cirque du Soleil performance, you’ll find many similarities.
Most first-time campers are new to the performing arts, and teaching artists are well-versed in engaging students at all levels. Parents and campers report that one of the best parts of Synetic is the community, with many families returning year after year because they feel a strong sense of belonging.
EDBS Dental Billing Solutions is pleased to announce that it has achieved compliance with the federally mandated standards of the Health Insurance Portability and Accountability Act (HIPAA) through the use of Compliancy Group’s proprietary HIPAA methodology, The Guard® compliance tracking software, and HIPAA Seal of Compliance®.
The HIPAA Seal of Compliance is issued to organizations that have implemented an effective HIPAA compliance program through the use of The Guard, Compliancy Group’s proprietary compliance tracking solution.
Clients and patients are becoming more aware of the requirements of HIPAA compliance and how the regulation protects their personal information. Forward-thinking providers like EDBS Dental Billing Solutions choose the HIPAA Seal of Compliance to differentiate their services.
“Since the nature of our business being exclusively remote, we take HIPAA compliance very seriously. With the help of Compliancy Group, we are able to take steps to fortify our systems to protect PHI information and familiarize each employee about HIPAA and how we can further safeguard PHI data.” said EDBS Dental Billing Solutions founder Goldie De Leon.
WHS Spring Festival
Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!
Shop local vendors, arts & crafts, new and used items, food vendors/trucks, and
District 27 Toastmasters 2023 Virtual Conference
District 27 Toastmasters invites you to its annual conference where you can hear phenomenal speakers, attend professional development and personal growth seminars about leadership, negotiation, communication, teamwork, and mentorship. Learn how to develop your personal story and how to improve