Question:

What title insurance premiums depend on?

Answer:

The size of title insurance premiums will vary greatly among states. The title insurance premium will depend on the cost of the property and the loan amount.

For example, the title insurance policy premium for $300,000 property in Montana purchased with $20,000 down may be around $1385. This includes the standard owner's title insurance premium plus ALTA - extended coverage policy for the mortgagee.

The title insurance premiums are not always state regulated.

Title insurance premium and service fees may or may not be state regulated. Some examples of states that do not regulate lender's and owner's title insurance policies are Illinois and Massachusetts. Texas, however, is one of the states that regulate title charges on properties located within the state.

Title insurance services may or may not be charged inclusive in the title policy. In many states, title insurers will charge separate underwriting costs for title search and examination.

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