Why don't you offer closings at night or on the weekends?

Some title agents may offer "convenience" closings. But, they will probably send an unlicensed signing agent to your home, someone who only has a passing knowledge of your transaction and a notary stamp.  And, to top it off, they will charge you a hefty settlement fee for the privilege.    We don't charge a settlement fee and we hold closings only when key participants are available, like lender's representatives.  Experience has shown that many minor problems can be fixed at the time of settlement, but only if the right people are still at work. We want you to avoid the inconvenience of rescheduling your closing, or worse yet, a canceled transaction.

 

Title Insurance is sort of like homeowners insurance right?

Wrong.

Read more: Title Insurance is sort of like homeowners insurance right?

 

Isn't the premium expensive?

One of the most common ways to arrive at insurance premiums is to forecast likely losses and add administrative expenses and profit. It is not unusual for 90% of the premium amount to be paid out for claims.

In the title insurance business, on the other hand, the industry may pay out only 8% to 15% of the fee for claims, and people often assume that the rest is profit. But only a small part of the one-time fee paid at settlement is for insurance; the remainder is the cost of conducting the many different searches required to show a clear title to the property and preforming the settlement services.  All investigative work is done up-front in order to eliminate the potential for claims in the future.  See What we do for you to get more information on the work that goes into your settlement.

 

What's included in the premium?

In Pennsylvania we have an all - inclusive rate for title insurance. It bundles together the insurance premium, the cost of executing the title search, and the settlement fee.

Read more: What's included in the premium?

 

Why call it insurance?

Even the most intensive search cannot avoid claims.

Read more: Why call it insurance?

 

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