U.S. Title & Closing Services – Title Insurance

What is title insurance?
A title insurance policy insures that as the new owner, your title for the property is free and clear of any possible defects or claims against the property. A title is the evidence that a person has to the ownership and possession of land.

What is a title search?
A title search is an examination of the public records concerning a property. The purpose of the search is to validate the seller’s right to transfer ownership, and to uncover any claims, defects, and other rights or restrictions on the property.

Are there different types of title insurance?
There are two types of title insurance – a lender’s policy and an owner’s policy.

Your lender will likely require that you purchase a Lender’s Policy. The Lender’s Policy protects the lender’s interest in the property in the amount of the outstanding balance of the loan. Most lenders require this type of insurance and will typically require the borrower to pay for it.

The Owner’s Policy protects your equity and is designed to protect you from undiscovered title defects that existed prior to the issue date of your policy.

Why do I need title insurance?
To protect one of the most important investment you’ll ever make –the investment in your home. By having title insurance, you are protecting yourself from financial loss in the event that problems develop

How much does title insurance cost?
Charges vary in different counties but the cost of title insurance includes the policy, title search, examination, and related services. Unlike other insurance premiums, which must be paid annually, a title insurance premium is paid only one time and usually at your closing, although, you have 30 days from the date of your closing to make a final decision about an owner’s policy.

Apply for Title Insurance