Title Insurance FAQs

Do I need Title Insurance?

Most definitely! Title insurance is a means of protecting yourself from financial loss in the event that problems develop regarding the rights to ownership of your property. There may be hidden title defects that even the most careful title search will not reveal. In addition to protection from financial loss, title insurance pays the cost of defending against any covered claims.

But my lender already requires Title Insurance, won't that protect me?

Not necessarily. There are two types of title insurance. A Lender's Policy insures that your lender has a valid lien on the property. Most lenders require this type of insurance, and typically require the borrower to pay for it. An Owner's Policy, on the other hand, protects your interest in the property. Title troubles, such as improper estate proceedings or pending legal action, could put your equity at serious risk. If a valid claim is filed, in addition to financial loss up to the face amount of the policy, your owner's title policy covers the cost of legal defense.

Should I shop around for the best Title Insurance deal?

Pennsylvania title insurance rates and coverage are set and closely regulated by the Pennsylvania Insurance Department and should not vary from company to company. However, you also want to work with a title insurance agency that responds readily to your needs and performs its complex tasks with great accuracy.

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Law Offices of
Kreisher & Gregorowicz
401 S. Market Street
Bloomsburg, PA 17815

(570) 784-5211