Page 29 - Homeowners Manual - El Dorado County
P. 29

How much does title insurance cost?
        The one-time premium that you’ll pay for a title insurance policy varies by state, but generally is related to the
        value of your property. You can use our Rate Calculator to estimate how much your title insurance policy may
        cost.

        What is owner’s title insurance?
        An Owner’s Policy of Title Insurance is designed to protect you from covered title defects that existed prior to
        the issue date of your policy. If a valid claim is filed, your Owner’s Policy, subject to its terms and conditions, will
        cover financial loss up to the face amount of your policy. There are two types of owner’s title insurance policies:
        the Owner’s Standard Policy and Homeowner’s Policy.  See page 22 for more details.

        What is lender’s title insurance?
        A Lender’s Policy of Title Insurance provides no coverage to the homeowner. A Lender’s Policy ensures that
        your lender has a valid, enforceable lien on your property. Most lenders require borrowers to purchase this type
        of insurance policy to protect their investment.

































































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