What is Title Insurance? | Title Insurance Cost | How Much is Title Insurance?

What is Title Insurance? | Title Insurance Cost | How Much is Title Insurance?
In this video, Universal Title Attorney Joe Moreno explains title insurance, the cost of title insurance, any potential drawbacks of not having title insurance and more.
Do you have a title insurance question for Joe? Whether it is in regards to what is title insurance, title insurance cost, or another title insurance-related inquiry, you can reach out to Joe Moreno via email -- JMoreno [at] universaltitle dot com. Please note that Mr. Moreno works in the D.C. Metro Area (Virgina, Maryland, Washington, D.C.).
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0:25 - Joe Moreno Introduction
1:32 - What is Title Insurance?
3:05 - Types of Title Insurance - Enhanced vs. Standard
5:30 - Lender's Title Insurance vs Owner's Title Insurance
6:10 - Title Insurance Cost - How Much Is Title Insurance?
7:20 - Is Title Insurance Worth It? Do I Have to Buy Title Insurance?
10:00 - What Happens If There is a Cloud on Title?
Top 3 Things to Know About Title Insurance:
12:35 - Peace of Mind
12:47 - Keep it in Perspective
13:07 - Patience
Universal Title Arlington VA
14:00 - Universal Title is a full-service settlement company with offices around the area and an Arlington branch located in the Courthouse neighborhood. For more information on Universal Title Arlington, the services Universal Title Arlington provides, and any related questions, you can reach out to Joe Moreno at JMoreno [at] universaltitle dot com.
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Universal Title Arlington
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Arlington VA Real Estate Agent - Matt Leighton
Licensed in VA and D.C
Century 21 Redwood Realty
1934 Wilson Blvd
Arlington, VA 22201
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• What is Title Insuranc...

[@poorlivesmatter6882]

I had a neighbor in arkansas that unlocked my gate to 3.25 acres, cut lock, trespassing for 3 years and overtook it. Police didn't do anything, 4 years of court and he lost and he lost appeal, in court he admitted he wanted land and cut tress. So alot of money just to get property, fha loan, va loan . None helped, very expensive and a nightmare!

[@Kurokirii]

Video starts at 1:33

[@tcwaterdrill]

The top one thing you need to know about title insurance, that they did not touch on is the types of owners title insurance you are getting at closing before you go to closing find out. Some title insurance with fancy names only covers what the seller has clear title to. It does not cover anything that might cloud the true title to the property. But for me title insurance is well worth the money, just be sure what it covers, its to late to find out what it does not cover after closing.

[@3flgator]

In my closing disclosure, which of these title ins costs has to do with Enhansed TItle Insurance cost? Survey Fee, Owner's title ins cost, Closing fee, Lenders title endorsements, Lenders title ins, abstract search. Also I'm in Florida as the buyer. Isn't the seller supposed to pay all this? Great video. Thanks in advance.

[@neilwilliams5814]

We financed a home in 1998 for $38,000. We then refinanced with cash out in 2005. I am going through a reverse Mortgage (haven't signed anything yet) and the lender wants to charge me $952 for lenders title Insurance. My wife passed in 2013 that's why I refer to "i" to me only. I have talked to a few real estate agents and they say, $952 is "way to much" for a loan (reverse mortgage) on $31,000. This is what just one of the real estate agents told me......"Title insurance is a calculation based on the reverse mortgage amount; in your case. If you are borrowing $31,000, then the title insurance should be MUCH lower than $950. MUCH lower." I would like your honest opinion on this matter. Awesome video. Thank you so much for your free knowledge.

[@TheMattLeighton]

Thank you for watching!

[@neilwilliams5814]

Could you please give me an answer?

[@TheMattLeighton]

Neil Williams Ask another lender their option. It doesn't strike me as unrealistically expensive. Thanks for watching!

[@neilwilliams5814]

Thank you for your reply and answer.

[@TheMattLeighton]

You're welcome!

[@snky6995]

Does title insurance cover encroachment of a garage into another property found after the purchase.

[@louieoliva8549]

Great Title narrative description in a nutshell. Thanks guys!

[@FastEddieQ]

Good imfo.

[@ryanl8475]

So if I’m with a proprietary company who offers Life and P/C but I want to sell title insurance under a separate enterprise. Do title companies allow you to sell strictly title insurance, or do they prefer you sell property and casualty policies under them as well?

[@PInk77W1]

Is title insurance a one time payment? Or is it month in and month out ?

[@TheMattLeighton]

One time!

[@jvolstad]

Enhanced Title Insurance? Sounds like pure profit for the title company.

[@charleswesesky747]

All of it's for profit. It's a business.

[@The-Mediator]

Especially when they don't protect from real issues like liens against the property.

[@franklinwilliams8852]

Good Information, Very Bad Lighting LoL!

[@TheMattLeighton]

haha definitely. The lighting has gotten better over the years!

[@jamesthomas1436]

Title insurance is a form of indemnity insurance that protects lenders and homebuyers from financial loss sustained from defects in a title to a property. The most common type of title insurance is lender's title insurance, which the borrower purchases to protect the lender. The other type is owner's title insurance, which is often paid for by the seller to protect the buyer's equity in the property. Visit for more information - cftitleco.com/

[@MultiGoodriddance]

in most states owner's policy is required in the repc to be purchased by the seller and given to the buyer. The lenders policy to me seems like a huge waste of money since the owner's policy is covering the exact same thing. it's just showing free and clear title. seller financing and most private loans don't do lenders policy. owners policy is a no brainer owner buys for buyer to prove free and clear title

[@roywest6557]

Why would the buyer be held accountable? The title company should be held accountable because they are responsible for the search.

[@angijoens]

What insurance covers someone fraudulently putting the title in their name and taking out loans on the property?

[@mrfearlesss]

$2.5k on a $500k property is about 0.005 percent for lender and owner combined title insurance? What if you purchase a $500k property for $250k? is it 0.005 percent of the value of the property or the purchase price?

[@frankhouck4446]

??? 2500 on 500000 is .5% not .005%. It’s .005 TIMES 500000. If it were .005% then it would be .00005x500000 which would be $25 dollars

[@texarkanaandi7393]

There's no need to waste money on buyer's title insurance, since Escrows or title companies would not close the transaction if they find liens or other problems with the title. In that case, the transaction is null and void, and the buyer would get their earnest or deposit money back.

[@Bolgavets]

Its not just a matter of past liens. Other videos I have watched gave examples of previous owners (could be several transactions back) who did not sign off on the property sale and then come after the current owner in court.

[@amystultz1608]

Hello. My name is Tommy. I like to know who or what lawyer or firm do I need to get i believe I'm the beneficiary of my grandfather farm. Which was sold at a auction. By my dad. . My dad has passed away but there's a weird side to his death that's I can explain later. I want to know if I'm the beneficiary of my grandfather farm in West Milton oh

[@kristinabazan1897]

These kinds of title insurance are really obvious. Residential insurance alludes to practically any property you can live in, including houses, condominiums, rentals, cooperatives, bungalows, provincial properties, empty land, and rented properties. For more info visit:cftitleco.com/

[@ashrafmohamed1546]

The million dollar question: What's the probably of actually using the owner title insurance?

[@TheMattLeighton]

Extremely minimal

[@jenismith1088]

Title insurance shields you from past occasions, which could possibly be essential for the freely available report. Be that as it may, those occasions can antagonistically influence a proprietor’s advantage in their property. Visit:cftitleco.com/

[@Bolgavets]

Matt sorry but something about your introduction annoyed me. It just seemed like a fake sales pitch. Rest of the video was informative.

[@TheMattLeighton]

Thank you for the feedback. I have worked on improving my introduction over the past few years. I appreciate the comment and you watching

[@dianaisom9206]

Is the lenders title insurance....PMI? bc if it is if you're giving 20% most conventional won't require PMI such as we're giving 20% and we don't have to pay PMI. I wanted to comment..Just so people can know. Of course not many people can give 20% but to the people who are blessed and can give 20% Please look into giving 20% it saved us $137 in our mortgage!

[@TheMattLeighton]

Lender's title insurance is different than PMI. Thanks for commenting!

[@jasonjohnson6216]

Title insurance is a scam. It's free money for lazy people. When a past issue pops up the first thing they do is try and pass the buck on you. Think about what a pain in the ass dealing with insurance companies has been for you, title insurance is the same.

[@jenismith1088]

As the industry leader in property management for community associations, Consumers First Title proudly serves nearly millions of homeowners every day. With an extensive array of programs and services ready to fit the specific needs of any HOA, They help bring great results to your community. Consumers First Title insurance company put people first-always-which is why when you choose Consumers First Title company, you get a level of trust and security you won’t find anywhere else. For more details visit: cftitleco.com/

[@donjohnson2639]

Horrible audio and lighting can’t watch

[@TheMattLeighton]

Thanks for the feedback. I have improved the audio and lighting in newer videos but definitely see where you're coming from. Thanks for checking out the channel.