Buyer Education
Why buyers should understand title insurance before settlement
Why This Matters Locally
In Pennsylvania, title insurance is part of most real estate transactions. Buyers should know what the lender’s policy covers, what the owner’s policy adds, and who typically pays for each.
What To Review
- Lender’s title insurance
- Owner’s title insurance
- What each policy covers
- Typical cost and who pays
- How title searches work
- Common title issues
Common Mistake To Avoid
A common mistake is skipping the owner’s policy to save money. While optional, it protects the buyer’s equity if a title issue arises later.
Simple Next Step
Ask your title company or Realtor to explain the difference between lender’s and owner’s title insurance before settlement.
Looking for more Pennsylvania real estate guidance? Browse the full Buyer and Seller Education Library.
Frequently Asked Questions
Is title insurance required?
Lender’s insurance is usually required. Owner’s insurance is optional but recommended.
Who pays for title insurance?
In Pennsylvania, practices vary by county. Ask your Realtor what is customary locally.
What does title insurance cover?
It covers defects, liens, ownership disputes, and errors that were not found in the title search.
Before settlement, understand title insurance so you know what protection you are receiving.
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