When it comes to title insurance, there can be a lot of information out there—and not all of it correct. Like much of the home-buying process, the title insurance process can often seem too technical or complicated to understand.

Title insurance costs the same for every home - FALSE!

Like a snowflake, every title insurance policy is different. The amount a borrower pays for title insurance varies according to geography, the cost of the home and the policy itself. For example, a lender’s policy cost varies by the amount of the loan and endorsements that are required by the lender, and the title insurance premium is a one-time fee that’s paid at closing (not an on-going expense).   

Title insurance isn’t worth the cost - FALSE!

The decision to buy insurance is ultimately about protecting yourself from risk. Each home’s history contains a complex series of paperwork and transactions, and even if the title has been properly inspected, unforeseen circumstances can occur. When it’s all said and done, title insurance is a small price to pay for knowing your home and your financial future are protected.