Page 27 - Homeowners Manual - Santa Clara County
P. 27
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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