Title Insurance – Protection for your investment

The purchase of a new home may possibly be the single largest investment many people make in their lifetime. The importance of fully protecting such an investment should not be overlooked, even when buying with cash. Title insurance gives a homeowner such peace of mind by protecting the investment.

Title insurance differs from other types of insurance by protecting against future losses arising out of events that have happened in the past. There are no annual premiums. One premium, based on the amount of the sale or mortgage, is paid when the policy is issued, usually at the closing, and is good for the life of the policy. An owner’s policy, insuring the buyer, is good as long as the owner or owners’ heirs own the property. A mortgage policy, insuring the lender, stays in effect until the loan is paid off. In southeastern Pennsylvania, the title company acts as the closing agent for the buyer and seller. Since rates are controlled by law, it is predominantly the service factor (and an objective review of the title history in the case of new construction) that are key in selecting the title company.

With our in-house title services, you can rest assured that all matters will be addressed in a professional and timely manner for settlement. Along with PHH Preferred Mortgage Services and your agent, in-house title services will ensure that things go smoothly in preparation for your settlement day.

Ask a Coldwell Banker Preferred Associate for more information.

View the Title Insurance Rate Chart