Smart homebuyers acquire Owner’s Title Insurance. It offers peace of mind and an assurance of financial protection on the most important investment you will ever make . . . your home.

An Owner’s Title Insurance policy from Landmark Title Agency South will give you protection against title defects—many of which could result in loss of title to your home.

Why do I need Title Insurance? 

Careful title examination will not protect you from these many types of errors including undisclosed heirs, forgery, mental incompetence, name confusion, fraud of false representation, defective deeds, marital rights, and execution by minor. Nor will a review of the property’s ownership history or the lender’s policy. Only an Owner’s Title Insurance policy from Landmark Title will give you protection against title defects—many of which cold result in the loss of title to your home. 

If a valid claim is made against your title—and you do not have title insurance—you are responsible for all of the costs including attorney fees, court costs, and any payment required to resolve the claim.  

What will my Owner’s Title Insurance Policy cover?

Your Owner’s Title Insurance policy covers matters affecting access, rights of way, many survey conditions, mechanic’s and materialmen’s liens, subordinations, tax liens, prescriptive rights, and assessments.

If a claim is made against your title, Owner’s Title Insurance protects you:

• At the underwriter’s expense, defending your title in court in necessary;
• At the underwriter’s expense, settling the claim against your title if the claim proves valid. Either the claim will be disposed of or you will be reimbursed. 

Your Owner’s Title Insurance will stay in force as long as you or your heirs own the property. 

How much will my Owner’s Title Insurance Policy cost?

As regulated by the Ohio Department of Insurance, title insurance usually costs less than 1% of a property’s sale price. The premium for your title policy is a one-time fee and is paid in full at the time of closing or within 30 days of your closing date. 

When will my policy be issued?

A policy is issued after title examination and related documents have been executed an recorded following the closing. 

Note: You may benefit from substantial savings by also ordering an Owner’s Title Insurance Policy, if you are purchasing a new home and obtaining financing to assist you in the purchase. A simultaneous issue fee may be charged.

A binder or commitment charge outlining any matters that affect the title at  closing is typically required. This document is supplied to the owner or lender prior to closing.

Fees are subject to change. Please contact Landmark Title Agency South for fees and costs relating to your closing.