Competitive Title Insurance Rates Pioneer Title offers low insurance rates on Owner's and Loan Policies for people requiring title insurance to protect their investment.
Owner's Policy- Owner's Title Insurance, called an Owner's Policy, is usually issued
in the amount of the real estate purchase. It is purchased for a
one-time fee at closing and lasts for as long as you or your heirs have
an interest in the property. Only an Owner's Policy fully protects the
buyer should a covered title problem arise with the title that was not
found during the title search. Possible hidden title problems can
include:
- Errors or omissions in deeds
- Mistakes in examining records
- Forgery
- Undisclosed heirs
An Owner's Policy provides assurance that your title company will
stand behind you — monetarily and with legal defense if needed — if a
covered title problem arises after you buy your home. The bottom line
is that your title company will be there to help pay valid claims and
cover the costs of defending an attack on your title. Receiving an
Owner's Policy isn't always an automatic part of the closing process,
and is paid for by different people in different parts of the country.
Be sure you request an Owner's Policy and ask how it is paid for where
you live. No matter who pays for the Owner's Policy, the fee is a
one-time fee paid at closing. The Owner's Policy protects you for as
long as you or your heirs have an interest in the property.
You also have the option of purchasing a policy with expanded
coverage. It's called the Homeowner's Policy and it covers more things
than the Owner's Policy. Ask your local title company for an
explanation of the expanded Homeowner's Policy so you can decide which
policy is the best one for you.
Loan Policy-
There are two types of title insurance: Owner's title insurance, as
mentioned above, and Lenders title insurance, also called a Loan Policy.
Most lenders usually require a Loan Policy when they issue you a loan.
The Loan Policy is usually based on the dollar amount of your loan. It
only protects the lender's interests in the property should a problem
with the title arise. It does not protect the buyer. The policy amount
decreases each year and eventually disappears as the loan is paid off.
Prices vary from state to state. Be sure to ask your settlement or title
company about pricing and whether the Loan Policy and Owner's Policy
are sold separately or together.
Licensed Real Estate Closings- Statewide closings available by professional licensed closing agents.
Preliminary HUDs- We provide preliminary HUDs for lenders, brokers, mortgage companies, buyers, realtors, or any real estate professional prior to closing.
Short Sale Assistance- Experience short sale processing and negotiating assistance for any client that requests our company's short sale services.
Real Estate Documents- Legal documents can be provided for most types of transactions if requested.
Escrow Services- Our escrow services can help any transaction required to be held in a escrow account. Call us to confirm the type of escrow needed.