At Lafayette General Title Agency, Inc. we provide title insurance policies and related real estate transaction and mortgage lending products and services to attorneys, real estate agents, mortgage lenders, consumers, businesses and government agencies. Our title insurance products and services protect our customers from financial loss and hardship related to unknown judgments and liens, forged transfers, inconsistencies within a property's title or misapplication of fiduciary funds.
Title insurance differs significantly from other forms of insurance. While the functions of most other forms of insurance is risk assumption through the pooling of risks for losses arising out of unforeseen future events (such as death or accidents), the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past.
To achieve this goal, Lafayette General Title Agency, Inc. performs an extensive search of the public records to determine whether there are any adverse claims to the subject real estate. Those claims are either eliminated prior to the issuance of a title policy or their existence is excepted from coverage.
Protecting purchasers against loss is accomplished by the issuance of a title insurance policy, which states that if the status of the title to a parcel of real property is other than as represented, and if the insured suffers a loss as a result of title defect, the insurer will reimburse the insured for that loss and any related legal expenses, up to the face amount of the policy.
Our primary underwriter, Old Republic National Title Insurance Company, has been serving the real estate and mortgage industry for more than a century. Founded in 1907, it has vast financial resources, a solid reputation and is an industry leader.
Lafayette General Title Agency, Inc. has been in business since 1987 and since that time we have been involved in over 60,000 transactions. Our entire professional staff stands ready to provide you with the best services we have to offer.