Rate Calculator
​Pennsylvania Title Insurance Calculator
Looking for title insurance rates for a purchase or refinance? When approaching the closing of a real estate transaction, having an idea of how much you are responsible for in costs will make it easier to plan for them. Check out our title insurance calculator.
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If you have any specific questions about the estimate you receive, please email nathan@buchanansettlements.com and we will review it with you.
The Value of Title Insurance
There is no denying that purchasing title insurance will increase your closing costs. But it is important to understand the value of this purchase — and what it means for you as a new property owner. Each policy only requires one premium payment to be covered.
Title insurance protects against:
- Errors and recording mistakes
- Liens
- Encumbrances
- Forgery
- Fraud
- Boundary disputes
- Missing wills
- Unknown heirs
- Bankruptcy
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As well as many other hidden title defects. In other words, title insurance premium costs are a small price to pay for—
- Peace of mind
- Financial protection
- Increased resale value
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Is a title company always required?Depending on where you are, you are likely not required by law to hire a title insurance company to handle your real estate transaction. However, due to the amount of services required for a successful transaction - and the importance of making sure it is handled appropriately in a legal sense - having title experts on your side is always a wise idea. Having an attorney on the team, such as with Buchanan Settlement Services, is even better.
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Who chooses the title insurance company?The person who chooses the title insurance company can vary from state to state. For title insurance in Pennsylvania, it is customary for the buyer to select the title company.
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What is title insurance?Title insurance protects against title issues or defects that may have taken place prior to ownership. There are different policies used to protect the lender and/or the owner of the property. Each policy requires one premium payment to be paid at closing.
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Is title insurance required?An owner’s title insurance policy is not required, but it is highly recommended by title experts. On the other hand, a lender’s title insurance policy is often required by lenders as a condition of the loan.
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How can I learn more about Buchanan Settlement Services?If you are getting ready to purchase title insurance, sell, or refinance, and you are looking for a title company that will handle everything for you in a proper, efficient, and hassle-free manner, then give us a call at (717) 762-1415.