Title Insurance

First, You
have a choice!


ecause you pay a majority of the closing costs, you have a legal right to choose your title company.

Exercise you rights – put Boundary Abstract, Boundary County’s only locally owned and operated Title Company, on your Purchase and Sale Agreement.

What is
Title Insurance?


home is the largest single investment that most of us will ever make. When purchasing a home, you are purchasing title to the property. This is the legal right to own, use and sell a piece of land. That title may be limited by rights and claims asserted by others, which may limit your use and enjoyment of the property and even bring financial loss. Title insurance is a unique insurance policy that protects against hidden title hazards and losses from unknown or undisclosed defects in the past chain of title.

The two most common types of Title Insurance are the Owner’s Policy and the Mortgage Policy. An Owner’s Policy protects the buyer of a piece of real property. The Mortgage Policy protects the lender. Other types of title insurance policies cover other special circumstances.

How much are the
Title Insurance premiums?


ou don’t pay monthly or annual premiums to keep your title insurance – you pay it just one time, typically at closing. Then you’re covered for as long as you own your home. A mortgage policy lasts until the covered loan or mortgage is paid in full.

The premiums for title insurance are figured on the purchase price and/or the loan amount, depending on whether it is an owner’s policy or mortgage policy. It is also determined on the amount and types of coverage provided. If you have purchased a title insurance policy issued within the last two years, you may be entitled to a reissue credit.

Have questions? Or Ready to get down to business? Contact us!