Is Enhanced Title Insurance Needed for Your NJ Home Purchase?
Allison Ziefert Homes May 17, 2024
Allison Ziefert Homes May 17, 2024
When you purchase a home or property in Essex, Morris, Union County, New Jersey, title insurance protects you and your lender from financial loss sustained from defects in the title to a property. It ensures that the buyer has clear ownership of the property and that there are no hidden liens, encumbrances, or other issues that could affect the title’s validity.
Standard Owner’s Title Insurance typically covers “the past”:
Title insurance rates are set by the state.
Enhanced Owner’s Title Insurance offers additional protections for “the future”, including:
These policies cannot be purchased retroactively, and they cost about 20% more than the standard policy.
Local real estate attorneys whom we have conferred with differ in their opinions on these policies. Some say that they are not worth the extra expense, and others recommend them for every client.
In summary, while a standard owner’s title insurance policy offers essential protection, an enhanced policy can provide additional safeguards that might be valuable depending on your specific circumstances and risk tolerance. It’s often a good idea to discuss the options with your real estate attorney or title insurance agent to understand the best choice for your situation.
The Allison Ziefert Real Estate Group is a top-producing real estate team based at Compass in Short Hills, New Jersey. We are local market experts, specializing in real estate and homes in Maplewood, South Orange, Millburn/Short Hills, Montclair/Glen Ridge, West Orange, Morristown, and the surrounding New Jersey towns. We’ve also got you covered coast to coast with the best connections to top agents around the country in any market you are exploring. We are driven by earning great testimonials and referral business from happy clients.
Blog
A practical look at how buyers are actually searching across Maplewood, Montclair, Summit, and nearby towns today
If you love tree-lined streets, handcrafted details, and homes with real personality, Maplewood will feel like a dream.
Blog
Serving Maplewood, South Orange, Montclair, and Northern New Jersey with consistency, experience, and heart.
Discover what it’s like to live in Millburn, NJ - top-rated schools, community vibe, housing costs, commuting, and everyday lifestyle insights for families and profess… Read more
Blog
If a home just sold in Maplewood, South Orange, Montclair, or a nearby town, here’s what that sale actually means — and what it doesn’t.
From cozy Capes to stately Colonials, Millburn and Short Hills offer a classic mix of homes that often look similar at first glance.
Blog
A practical look at how temporary rail disruptions, alternative commuting options, and lifestyle priorities intersect for Northern New Jersey buyers and homeowners.
Living near the Paper Mill Playhouse puts you at the cultural center of Millburn’s compact downtown. The neighborhood blends tree‑lined residential streets and older s… Read more
Blog
Understanding the infrastructure behind NJ–NYC commuting and why it matters for buyers, sellers, and long-term planning.
We are passionate about researching market stats, negotiating contracts, and helping our clients find and sell homes. The majority of our business comes from past clients and referrals from people who know our work.
