Title Insurance

12 Important Tips • Be sure to check to see that the title policy amount is correct. The Owner’s policy amount should be the purchase price of the property. The Lender’s policy amount should be for the amount of the loan. • Check to see that the effective date given on the policy matches the actual closing date of the escrow. • Verify that the policy describes all of the property and all of the interests being acquired. • Discounts may be available for first time buyers and for others with special circumstances. Always ask your title company or its title marketing representative about available discounts. . • Concurrent rates may be available if the insurer is providing both an owner’s and a lender’s title insurance policy in the same transaction.