Title Insurance Forms | Valuable Resources Raleigh

It’s a way to protect the interest of property owners from financial loss and other legal expenses should there be any defect in the property that’s covered by the policy. Title insurance doesn’t need regular monthly payments. To enjoy the benefits of this insurance product, you just need to make a one-time payment at closing.

What does title insurance protect you from?

Title insurance protects against matters not appearing in the public records, such as false impersonation, undisclosed heirs, improperly recorded documents, and more.

How much does it cost?

It is a one-time fee for title insurance. The typical owner's title insurance policy costs around 0.5% of the home's purchase price.

For more specific rates, check out this Rate Calculator.

Prices may vary. Contact your lender or real estate attorney.

What are the different types of policies?

There are two types: a loan policy and an owner’s policy.

What's the difference between a lender's policy and an owner's policy?

Lender’s Policy

If you’ve ever mortgaged a home, there’s a high chance that you’ve been required to purchase a title insurance policy. This is a way for the lending institution to protect their security interest in your property for as long as they maintain an interest in your property, which is usually until your mortgage is paid off. That’s why a loan policy is required by most credit institutions.

Owner’s Policy

As a real estate buyer, you also want to protect your investment as well as the ownership rights that come with the purchase. Title insurance will help you protect your rights as the owner of the property until you or your heirs have an interest in it.

Aside from paying valid claims and legal fees to defend against hidden property title issues, title insurance can also help decrease ownership risks by providing an extensive title search before issuing the policy to the lender or the owner.

When does my title insurance policy go into effect?

Lenders typically ensure the policy goes into effect immediately upon mortgage closing. On the other hand, owners who decide to get owners title insurance should do the same. A title insurance policy also covers title issues that occurred before the insurance policy went into effect.

How long does a title insurance policy last?

For lenders, a title insurance policy will last until the mortgage is fully paid. On the other hand, owners can enjoy their policy for as long as they or their heirs maintain an interest in the property.

Who do I contact if I have a title insurance issue?

Contact your real estate lawyer or your title agent. If you are already on this site, we hope that your title agent is, or will be, Secure Title. We take pride in our service and our ability to handle client concerns with our expertise.

Why should I choose Secure Title?

We have various connections within the industry and the communities we serve that are unparalleled. More than providing high-quality service, we help our clients understand the importance and benefits of title insurance as well as provide them with insights into the area. We also offer extensive resources that homeowners in NC will surely find valuable and interesting.