What is Title Insurance?

There are two different types of title policies, lender's policy and owner's policy. A lender's policy is to protect the bank's mortgage, therefore it is a requirement of most lenders. An owner's policy is to protect the owner of the property. Our title agents do a comprehensive search of public records to determine if the property is insurable. The title search includes checking federal, state and local records, as well as court judgments and tax records. This is intended to fully report all liens, encumbrances and possible objections to the title. If any of these issues are found, every effort is made to clear them from title.

Why do I need Title Insurance?
In spite of all the effort that goes into a title search, hidden threats can arise, resulting in unpleasant and costly surprises. Having title insurance will assist with defensive actions against any possible threats. Some examples of threats include:

• Mistakes in the public records
  
• Fraudulent activity
  
• False impersonation/forgery
• Incorrect legal descriptions
  
• Break in chain of title
  
• Unsatisfied judgments
• Etc.
  

What is the cost for Title Insurance?

Lender's Title Insurance is a one time premium that covers the lender through the term of the loan. Owner's Title Insurance is a one time premium that covers throughout ownership of the property, this is typically based on the sale price.  To get a quote directly from our underwriters click the below links. To receive a full quote for our services please contact us directly. Rates are subject to change.

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Title Insurance