Title Insurance Cost
Title Insurance Fees
Length of Coverage
Also, unlike other types of insurance, the purchase of an owner’s title insurance policy is a one-time event; paid by the seller at closing.
There are no future premiums to pay if you or your heirs hold an interest in the property, which means this fee is generally paid for you when you purchase a real estate property and will protect you and your family indefinitely for so long as you hold an interest in the property.
That said, if you refinance your home, your lender will likely require you to purchase a new loan policy, as this type of insurance protects the lending institution only for the life of the loan.
Your owner’s policy, however, will remain effective.
Keep in mind, when you provide your title insurance company a copy of your owner’s title policy you will get a discount for a refinance loan policy. This is like having a coupon to save you money on the new loan policy.