Abstract & Title FAQ's
Will You Get a Clear Title? | How Do You Find Out What Claims Exist? | What About Undiscovered Claims? | How Does a Title Insurance Policy Protect Against All These Claims?
What About Undiscovered Claims?
The title to the property that you have purchased could be seriously threatened or lost completely by hazards which are considered "hidden risks." "Hidden Risks" are those matters, rights or claims that are not shown by the public records and, therefore, are not discoverable by a search and examination of those public records. Matters such as forgery, incompetency or incapacity of the parties, fraudulent impersonation, and unknown errors in the records are examples of "hidden risks" which could provide a basis for a claim after you have purchased the property. In order to protect you against this possibility, Permian Basin Abstract Company provides insurance coverage for such claims. This is the second benefit you receive from title insurance.