Title Insurance


Q. What is Title Insurance?

A. Title Insurance provides coverage for certain losses due to defects in the title that, for the most part, occurred prior to your ownership. Title insurance protects against defects such as prior fraud or forgery that might go undetected until after closing and possibly jeopardize your ownership and investment.


Q. Why is Title Insurance Needed?

A. Title Insurance insures Buyers against the risk that they did not acquire marketable title from the Seller. It is primarily designed to reduce risk or loss caused by defects in title from the past. A Loan Policy of Title Insurance protects the interest of the mortgage lender, while an Owner’s Policy protects the equity of you, the Buyer, for as long as you or your heirs (in certain policies) own the real property.


The Title Insurance Process

Request for Title Insurance >>Records Search >>Title Examination >>Binder/ Commitment >>Clearing the Clouds >>Closing/ Premium Payment >>Policy Issued & Delivered

Q. How Title Insurance Differs from Other Forms of Insurance?

A. Unlike other forms of insurance, title insurance emphasizes loss prevention for the insured. Title professionals perform labor-intensive work to find and address title issues that could threaten your homeownership. This upfront analysis gives you, as a policy holder, the peace of mind that your title risk has been effectively reduced. In contrast, insurance based on loss assumption requires little upfront work because claims cannot be predicted or prevented, and premium funds are needed only in the event of an accident or other covered issue. These types of insurance also requires annual coverage payments, unlike title insurance which is paid for only once upon the purchase of your home or establishment of a new mortgage.


Q. How Title Insurance Differs from Other Forms of Insurance?

A. First American Title Insurance Company’s EAGLE (Extended) Owner’s Policy provides expanded title coverage for owners of one-to-four family residences, including condominiums. Coverage included in the EAGLE Owner’s Policy offer the highest levels of protection available to homebuyers.


Q. How do I find my Title Insurance Rate?

A. First American Rate Calculator =>Click Here

First American Title Insurance Rates


Amout of Coverage Owners Premium (Enhanced Rate) Lenders Premium (Standard Rate)
$5,000 - 100,000 $100.00 - 468.00 $100.00 - 290.00
$100,000 - 200,000 $468.00 - 936.00 $290.00 - 435.00
$200,000 - 300,000 $936.00 - 1,392.00 $435.00 - 860.00
$300,000 - 400,000 $1,392.00 - 1,836.00 $860.00 - 1,130.00
$400,000 - 500,000 $1,836.00 - 2,280.00 $1,130.00 - 1,400.00
$500,000 - 600,000 $2,280.00 - 2,688.00 $1,400.00 - 1,640.00
$600,000 - 700,000 $2,688.00 - 3,096.00 $1,640.00 - 1,880.00
$700,000 - 800,000 $3,096.00 - 3,504.00 $1,880.00 - 2,210.00
$800,000 - 900,000 $3,504.00 - 3,912.00 $2,210.00 - 2,360.00
$900,000 - 1,000,000 $1,392.00 - 1,836.00 2,360.00 - 2,600.00
$1,000,000 - 2,000,000 $4,320.00 - 7,020.00 2,600.00 - 3,850.00
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