Title Insurance and Surety Bonds

Title insurance protects property buyers and lenders from potential losses due to defects or issues in a property's title, such as liens, errors, or fraud, that may arise after purchase. It provides a one-time coverage that secures ownership rights. Surety bonds are a three-party agreement where a surety (guarantor) assures a principal (obligor) will fulfill a contractual obligation to a third party (obligee). If the principal fails, the surety covers the damages or completes the obligation, ensuring project or contractual requirements are met and reducing risk for the obligee.