Call (877) 804-5252 now for a fair offer in minutes!

What is title insurance?

What is Title Insurance?

Title insurance is an insurance policy that protects a homeowner or lender if somebody puts a claim against the property being purchased.  Title insurance policies are there to protect you as the buyer after you have closed on the property from any issues that were not discovered during a title search. 

There are two types of title insurance policies. A lender’s title insurance policy and an owner’s title insurance policy.  Like the name suggests, a lender’s policy only protects the lender while you pay a mortgage and not you once the mortgage is paid off.  That is why you may want purchase an owner’s title insurance policy, although it is likely not legally required, before you close.

By purchasing an owner’s title insurance policy you will continue to be protected against claims after you’ve paid your mortgage off and the lender’s policy expires.

Claims that title insurance can protect you from include:

  • Outstanding lawsuits
  • Liens
  • Mistakes on the title like misspellings
  • Fraud 
  • Back taxes
  • Errors and typos at the county clerks office
  • An unknown heir coming out of nowhere

There are a lot of issues that can cost you time, money, and potentially your home, and that is why buying a title insurance policy is a good idea.

Here’s how the two types of title insurance policies compare:

 Lender’s Title InsuranceOwner’s Title Insurance
Is title insurance required?Your lender may require this.No
Who pays for title insurance?HomebuyerHomebuyer (unless written into the contract that the seller will pay for it)
Who does title insurance protect?LenderHomeowner
How much does title insurance cost?Around 0.5% of the purchase price


Around 0.5% of the purchase price


How often do you pay?Once (at closing)Once (at closing)
How long does title insurance last?Until mortgage is paid offAs long as you own the property

Now you know what title insurance is, the two types of title insurance that are available, and when you may be required to purchase a title insurance policy and why you should consider it.

Crucial Questions

Make sure you're dealing with a reputable company that keeps their word, so you don't end up in a lose-lose situation.

If somone cannot answer yes to all of these questions, how can you trust them to do what they say?

Work with Express Homebuyers and you'll have both Peace of Mind and Cash In Your Pockets.

  • Do they have proof of $$ in the bank that shows they are making an honest offer?
  • Do they have an A+ rating by the Better Business Bureau?
  • Do they have video testimonials from actual customers that they can show you?
  • Will they provide up to a $10,000 cash advance to help with expenses when moving?
  • Do they have a physical office and staff to help you through the entire process, or are they just working out of their car?

Get Your No-Obligation, All-Cash Offer

What is the address of the property you need to sell? *
Please select your property from the options in the dropdown list.
First Name*
Last Name*

or Call us at (877) 804-5252