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Title Insurance: Is It Required?
When you take out a mortgage, one of your closing costs will be for title insurance. The premium is a one-time charge, and the policy protects the lender. You also can purchase owner’s title insurance to protect yourself, but it’s not required. Here’s what you need to know about what title insurance covers, how much it costs and whether you should buy the optional owner’s policy.
The Value of Title Insurance in 2020
One area where we are seeing rapid transformation is in real estate. Over the last few years, we have reimagined how we find properties, obtain financing, get to the closing table and even move into our new property. When it comes to title insurance, all these new innovative factors will affect how a property is insured in 2020 and beyond. ALTA member Andrew Zankel explains what title insurance is, why it's necessary and how it protects homebuyers.