Frequently Asked Questions
Q: What is Title Insurance?
A: Title Insurance provides coverage against losses resulting from defects in the title.
Q: Is Title Insurance Mandatory?
A: Most lenders require the purchase of title insurance when a property is financed.
Q: What does Title Insurance protect against?
A: Title Insurance policies protect the owner against defects in title, such as:
- Outstanding mortgages & liens
- Fraudulent deeds
- Falsification of public records
- Recording errors
- Other hidden defects
Q: How much does Title Insurance cost?
A: The cost of Title Insurance is directly related to the value of the property being insured.
Q: When is Title Insurance paid?
A: Title Insurance is a one-time expense that is usually paid for at the time of closing.
Q: How long does Title Insurance last?
A: Title Insurance provides coverage to the owner as long as they own the prope