Page 21 - Home Buyers and Sellers Guide - Hawaii

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 2 types of 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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