National Strength - Local Solutions
Title
Insurance
101
Title Insurance Basics
What is Title Insurance?
Title Insurance provides coverage against losses resulting from defects in the title.
Is Title Insurance Mandatory?
Most lenders require the purchase of title insurance when a property is financed.
What does Title Insurance protect against?
Title Insurance policies protect the owner against defects in title, such as:
- Outstanding mortgages & liens
- Fraudulent deeds
- Falsification of public records
- Recording errors
- Other hidden defects
How much does Title Insurance cost?
The cost of Title Insurance is directly related to the value of the property being insured.
When is Title Insurance paid?
Title Insurance is a one-time expense that is usually paid for at the time of closing.
How long does Title Insurance last?
Title Insurance provides coverage to the owner as long as they own the property.
