What Is Title Insurance?

Title insurance is a form of indemnity insurance that protects the holder from financial loss sustained from defects in a title to a property. (i.e. You may take ownership subject to existing liens or encumbrances or easements that may have been granted to utility companies or adjacent property owners.)

How Does A Title Policy Work?

Before a policy is issued, the title company or one of its agents conducts a search of public records, maps, and documents. The records trace back to colonial estates, pioneer homesteads or donation land claims, and forward to the current owner. After examination, a policy is issued insuring the condition of title. 

What Does A Title Policy Cost?

A low, one-time premium is all you pay to obtain the protection and peace of mind of a Title Insurance Policy. So long as ownership remains in your name or that of your heirs, there is no additional cost. The policy is issued in an amount equal to the purchase price you pay.