Frequently Asked Questions

What is title insurance and why do I need to buy it?

Title insurance is a product that insures the title to real estate. The title agency that conducts the closing is typically an agent appointed by a title insurance underwriter such as Old Republic National Title Insurance Company or First American Title Insurance Company. The two types of title insurance policies that are issued in most real estate closings are Owner’s Title Insurance and Lender’s Title Insurance. An Owner’s Title Insurance Policy insures the owner of the property that the owner of the property has good title to the property as of the date and time of the recording of the deed that conveyed ownership of the property to the purchaser. The lender’s policy insures the lender that the mortgage constitutes a valid and enforceable lien against the real estate that is encumbered by the mortgage in favor of the lender. Typically, when both and owner’s and lender’s title insurance policy is purchased at the same time at closing, there is discounted pricing available to the purchaser. For more information, please visit the website of the American Land Title Association at