An ownerâ€™s title insurance policy protects the buyer against any potential disputes that may arise from insufficient or inaccurate title disputes. The title insurance company issues a policy after a comprehensive title search has been conducted, typically offering coverage in the amount of the purchase price paid. Many times, the title insurance company is chosen â€œby defaultâ€ by a mortgage broker or realtor, and many buyers donâ€™t realize that there are other options out there. While the premium for title insurance is usually paid only once, at closing, the differences in costs from one insurer to the next can be significant. As with any insurance purchase, its advisable to consider all your options and choose the title insurance policy that best suits your needs.
Contact title insurance companies in your area, http://www.FreeTitleQuote.com