Purchasing a home is most likely the single biggest investment you will ever make. Citizens Financial Services, an affiliate of Citizens Bank of West Virginia, offers title insurance to assure that no other individual or entity has a right, lien or claim to the property.
For a modest, one-time title insurance premium, you will receive continuous title insurance protection in an amount equal to the purchase price of the property or its current market value. This premium includes an owners and lenders policy.
Citizens Financial Services will complete an extensive research into relevant public records maps and documents to trace ownership of the property and determine if anyone other than you has an interest in the property. Through its research, our title company can usually identify any title problems that may arise and have these problems resolved prior to closing.
Title insurance will typically protect a loss:
- if someone contests your title in legal action
- if there is a title defect that cannot be eliminated