• What is Title Insurance? Title insurance protects property buyers and lenders against defects or problems with title when a transfer of property ownership occurs. Title insurance protects against fraud, forgery or heirship issues that may not arise during a normal search and examination.

  • What are the different types of Title Insurance policies and what do they cover?
    -An Owner’s Policy protects an individual against potential defects that can remain hidden despite the most thorough search of the public records. An owner’s policy protects your financial investment and is often issued for the amount paid on a real estate purchase. Only the buyer is protected under an owner’s policy should a title problem or claim arise. An owner’s policy is purchased for a one-time fee at closing and lasts for as long as you have an interest in the property.
    -A Loan Policy protects the mortgage lender’s interest in the property. It is often issued for the amount of the loan and only protects the lender should a title problem or claim occur. The policy amount decreases as payments are made and eventually disappears as the loan is paid off.
  • What are the costs involved? The Title Insurance policy costs are a one-time premium paid by the seller for an owner’s policy and a one-time premium paid by the buyer for a loan policy. There are other charges and fees that are incurred in addition to the purchase price of your property; these are paid when the real estate transaction is finalized. Such costs can include attorney fees, bank fees, title search fees, taxes and more. On average, closing costs can range from 2 to 5 percent of the purchase price. We will work with you and your lender to fully disclose all costs before the closing.