All About Title Insurance

Title insurance protects against problems in a property’s ownership history that existed before you bought — issues a search may not reveal. Unlike other insurance, you pay once, at closing.

Protects you, the buyer, for as long as you (or your heirs) own the property. It’s optional in Ohio but strongly recommended, because typically the seller pays half as good faith. With an owner's policy, the lender's policy is a flat $150.00 rather than $400 per thousand, thus making insurance cheaper AND you have coverage.

Protects the lender’s interest up to the loan amount. Most lenders require it, and it does not protect your equity — only the loan.