Title Insurance

Once you are under contract, it’s time you choose your title entity. 

www.Comparetitlecompanies.com is a free resource where you can obtain a title quote from multiple title companies.

Title insurance protects against financial loss due to defects in title to the property and from the invalidity or unenforceability of mortgage liens. It is meant to protect an owner’s or lender’s financial interest in real property against loss due to title defects, liens, or other matters.

Who chooses the title company?

Typically, the seller has the right to choose the title company, but this is negotiable within the terms of the contract. Choosing the right title company can be based on variables such as cost, locations, financial stability of the underwriter, and more.

Why do I need title insurance?

It will defend against lawsuits attacking the title as it is insured or reimburse the insured for the actual monetary loss incurred, up to the dollar amount of insurance provided by the policy. It protects against title claims arising from such events as mortgages being recorded out of order, incorrect transfer of title, forged signatures, unpaid liens and taxes, title search errors, undisclosed easements, and more.

How is the cost of title insurance determined?

The cost of the title insurance premium is determined by the underwriter who must follow guidelines set forth by the Insurance Commissioner. Title company escrow and closing fees are not regulated by the State (although once filed with the Insurance Commissioner, they cannot be changed without being re-filed).