What is Title Insurance?
What is Title Insurance and Why do I Need it?
Home buyers have a variety of things to consider when choosing their perfect home!
When considering the perfect home many home buyers consider the number of bedrooms, bathrooms, school district, lot size, neighborhood, location, proximity to their jobs, etc.
But home buyers should also consider things like liens, easements, and property lines in their subdivisions, property details, etc.
The last thing a homeowner wants to deal with is a neighbor building a shed or garden on their property.
When the homeowner tries to sell or refinance their home, title insurance clears any disputes over the ownership of the property.
Unlike auto insurance, where you pay a monthly premium for any infractions that can happen in the future, a title insurance premium is paid once at closing for any past defects.
Title insurance gives peace of mind and protection for the lender and homeowner from future restrictions or disputes.
How Much does title insurance cost?
What is the Cost
The cost of title insurance is state regulated and based on the purchase price. To get an idea of what the title insurance premium will be on your next purchase use our title insurance calculator below.