Photo Scanner: Title Insurance Cost

Title Insurance Cost

Obtaining title insurance is very important because it ensures that one is not responsible for any liabilities in the future and it acts as a guarantee of ownership of one’s property. An agreement on who will pay for title insurance is an important part of the negotiations between the buyer and seller. The cost for title insurance is generally around one percent of a property’s price. In a situation when a seller is trying to make a quick sale with minimal profit at a low price, it is more likely that a buyer may end up paying the costs for title insurance. The three main options for title insurance are as follows: Basic Owner’s Title, Policy Coverage, Basic Lender’s Title Policy Coverage, Extended Owner’s Coverage