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Welcome!
Mid America Title is an independently owned agent underwritten by Old Republic National Title Insurance Company and Universal Title. Our underwriters are known for their unsurpassed financial strength as measured by claims-paying ability, capitalization, reserves, investment strategy and liquidity.
Mid America's mission is to provide hometown, personal service that is unparalleled in our industry along with the resources, support and experience of some of the largest title insurers in the nation.
Mid America Title does not "archive" any information. All requests relating to closed files are attended to immediately and there is no waiting for a file to be pulled from "archives." Requests are processed without delay and most are sent out on the same day. Mid America Title has access to a network of branch offices and the support of highly proficient and knowledgeable title officers, attorneys, underwriters and escrow officers.
Mid America Title offers convenience and flexibility with numerous closing locations throughout the Twin Cities and Minnesota.
Title insurance is not as well understood as other types of home insurance, but it is just as important. When you purchase a home, instead of purchasing the actual building or land, you are really purchasing the title to the property. A title is the evidence that a person has ownership and possession of the land. Title Insurance is a means of protecting yourself from financial loss in the event that problems develop regarding the rights to ownership of your property.
Other types of insurance that protect your home focus on possible future events and charge an annual premium. On the other hand, title insurance protects against loss from hazards and defects that already exist in the title. Title insurance is purchased with a one-time premium.
There are two basic kinds of title insurance:
| • | Lender or mortgagee protection |
| • | Owner's coverage |
Most lenders require mortgagee title insurance as security for their investment in real estate, just as they may call for fire insurance and other types of coverage as investor protection. When title insurance is provided, lenders are more apt to lend you the money you need to purchase your home.
An Owner's Policy protects you from title defects that existed prior to the issue date of your policy. Title troubles, such as improper estate proceedings or pending legal action, could put your equity at serious risk. If a valid claim is filed, in addition to financial loss up to the face amount of the policy, your owner's policy covers the full cost of any legal defense of your title.
Title insuring begins with a search of public land records affecting the real estate concerned. An examination is conducted by Mid America Title, Inc. on behalf of its underwriter to determine whether the property is insurable. The examination of evidence from a search is intended to fully report all "material objections" to the title. Frequently documents that don't clearly transfer title are found in the "chain", or history that is assembled from the records in a search. Through the search and examination, title problems are disclosed so they can be corrected. Therefore, they will not cause problems later on.
A home is usually the largest single investment any of us will ever make. When you purchase a home, you will purchase several types of Insurance coverage to protect your home and personal property. Homeowner's or hazard insurance protects against loss from fire, theft or wind damage. Flood insurance protects against rising water. A unique coverage known as TITLE INSURANCE protects against hidden title hazards that may threaten your financial investment.