title insurance 

At Home Land Title we maintain agencies with the premier Title Insurance Underwriters.

Fidelity National Title

First American Title

Stewart Title Guaranty Company

Title Insurance premiums are based on the sales price of the subject property and/or the loan amount of the insured mortgage. For residential customers, if the policies are issued simultaneously, the owner’s policy premium is the regular issue rate and the lender’s premium is only an additional $100-$150 dollars

 

What is Title Insurance?

Title insurance is an insurance policy that protects owners and/or lenders against a loss due to legal defects in the title. Unlike more common insurance policies such as auto or health insurance which cover only future events, title insurance protects the insured against past issues like fraud or forgery that affect ownership. The title insurance underwriter will defend the property owner in any valid claims made against the property.

There are two types of title insurance; lender’s title insurance and owner’s title insurance. Most lenders will require that a loan policy is purchased to protect their interest in the subject property. Owner’s title insurance is always optional; but it is important to know that the lender’s policy will not cover the owner in the event of a claim.