How do I obtain title insurance and what does it cost?
Let
the title company, attorney or agent handling the closing of your
property know that you want to purchase an Owner's Title Insurance
Policy. When choosing a title insurer, look for a company with
experience, as well as the financial strength to protect you. In most
states, the insurance commission or some other governmental body
controls the premiums for title insurance policies. You only pay the
premium once. The cost depends upon the purchase price of the property,
and your policy amount must be equal to the purchase price.
How long does my coverage last?
Once
purchased, title insurance remains in effect for as long as you own
your property. Title insurance adds security and peace of mind to
homeownership.
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