At Metro National Title, we can help you get the best title insurance policy for your situation. In most cases, the buyer will pay for the policy that insures the lender (Lender’s Policy), and the title insurance policy that covers you as the buyer (Owner’s Policy) is paid for by the seller. This is not always a guarantee however. Check over you purchase contact carefully to make sure you understand who is paying for what in the transaction. Utilize the Real Estate Agent as well and allow them to review these details with you. You can save yourself money and headaches by simply asking the right questions.
Title insurance can be costly, but it doesn’t have to be. If you want to save money, there are several things you can do. Here are three good options for you to consider, so you can get the insurance you need at a price that's affordable for you. These tips will help you save money on title insurance with Metro National Title and spend less time worrying about your home's protection.
1). Shop around for a good deal
Not all title insurance companies are created equal. Some charge much more than others, and you aren't necessarily getting better service or a better policy. It's important to take stock of what the company is offering you and why it costs what it does.
2). Ask about what you're really getting
Just like title insurance companies aren't all the same, policies can have important differences, too. For example, some cover the lender and some cover the owner (you). Your lender will insist on a policy that covers them if you have a mortgage. Remember that doesn't protect your investment, though, only their investment. When you're offered title insurance, it's important to find out who it's really covering.
3). Make sure you understand who is paying for the Title Insurance Policy