Title Insurance Policy: Everything You Need to Know

Title insurance policy
Title insurance policy

A title insurance policy is a backup plan that can protect you should there be any problems related to the ownership of your new house. But do you know what it covers? Keep reading this blog to find out!

What is Title Insurance?

Title insurance protects the interests of both the new owner and the lender in cases of certain title defects like:

  • Liens or lawsuits
  • Forgery
  • Encroachment
  • Undisclosed heirs
  • Errors in deeds

Types of Title Insurance

There are two types of title insurance policies:

  • Owner’s title insurance
  • Lender’s title insurance

Owner’s title insurance provides the new owner with legal and/or financial support in case of title disputes in the future.

Lender’s title insurance safeguards the mortgage lender financing your transaction from problems like someone claiming a right to your house.

How Much is Title Insurance?

Typically title insurance costs around 0.5% to 1.0% of the house’s purchase price. This, however, may differ based on individual state regulations.

To know how much title is insurance in your state and city, refer to the table below:

RegionStates/CitiesTitle Insurance Rates Near Me
NortheastStatesTitle Insurance Cost in Connecticut | Title Insurance Cost in Maine | Title Insurance Cost in Massachusetts | Title Insurance Cost in New Hampshire | Title Insurance Cost in New Jersey | Title Insurance Cost in New York | Title Insurance Cost in Pennsylvania | Title Insurance Cost in Rhode Island | Title Insurance Cost in Vermont
NortheastKey CitiesTitle Insurance Cost in Boston, MA | Title Insurance Cost in Philadelphia, PA | Title Insurance Cost in New York City, New York
MidwestStatesTitle Insurance Cost in Illinois | Title Insurance Cost in Indiana | Title Insurance Cost in Iowa | Title Insurance Cost in Kansas | Title Insurance Cost in Michigan | Title Insurance Cost in Minnesota | Title Insurance Cost in Missouri | Title Insurance Cost in Nebraska | Title Insurance Cost in North Dakota | Title Insurance Cost in Ohio | Title Insurance Cost in South Dakota | Title Insurance Cost in Wisconsin
MidwestKey CitiesTitle Insurance Cost in Detroit, MI | Title Insurance Cost in Chicago, IL | Title Insurance Cost in Milwaukee, WI | Title Insurance Cost in Madison, WI | Title Insurance Cost in Cincinnati, OH | Title Insurance Cost in Minneapolis, MN
SouthStatesTitle Insurance Cost in Alabama | Title Insurance Cost in Arkansas | Title Insurance Cost in Delaware | Title Insurance Cost in Florida | Title Insurance Cost in Georgia | Title Insurance Cost in Kentucky | Title Insurance Cost in Louisiana | Title Insurance Cost in Maryland | Title Insurance Cost in Mississippi | Title Insurance Cost in North Carolina | Title Insurance Cost in Oklahoma | Title Insurance Cost in South Carolina | Title Insurance Cost in Tennessee | Title Insurance Cost in Texas | Title Insurance Cost in Virginia | Title Insurance Cost in Washington D.C. | Title Insurance Cost in West Virginia
SouthKey CitiesTitle Insurance Cost in Austin, TX | Title Insurance Cost in Atlanta, GA | Title Insurance Cost in Miami, FL | Title Insurance Cost in Raleigh, NC | Title Insurance Cost in Naples, FL | Title Insurance Cost in New Orleans, LA | Title Insurance Cost in Nashville, TN | Title Insurance Cost in Houston, TX | Title Insurance Cost in Dallas, TX | Title Insurance Cost in Baltimore, MD | Title Insurance Cost in Charlotte, NC | Title Insurance Cost in Columbia, SC | Title Insurance Cost in Tampa, FL | Title Insurance Cost in Tulsa, OK
WestStatesTitle Insurance Cost in Alaska | Title Insurance Cost in Arizona | Title Insurance Cost in California | Title Insurance Cost in Colorado | Title Insurance Cost in Hawaii | Title Insurance Cost in Idaho | Title Insurance Cost in Montana | Title Insurance Cost in Nevada | Title Insurance Cost in New Mexico | Title Insurance Cost in Oregon | Title Insurance Cost in Utah | Title Insurance Cost in Washington | Title Insurance Cost in Wyoming
WestKey CitiesTitle Insurance Cost in Los Angeles, CA | Title Insurance Cost in Fresno, CA | Title Insurance Cost in San Diego, CA | Title Insurance Cost in San Francisco, CA | Title Insurance Cost in Palm Springs, CA | Title Insurance Cost in Denver, CO | Title Insurance Cost in Bakersfield, CA | Title Insurance Cost in Salt Lake City, UT | Title Insurance Cost in Portland, OR | Title Insurance Cost in Colorado Springs, CO | Title Insurance Cost in Phoenix, AZ | Title Insurance Cost in Albuquerque, NM

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