TITLE INSURANCE

A Plus Title strives to complete a thorough search of the property; although some hidden hazards may not be revealed. Title insurance will protect against information not revealed during the title search; such as mistakes in recording of legal documents, undisclosed or missing heirs, fraud, etc; anything that might challenge your legal rights to the property.

There are two types of title insurance; a lender’s policy and an owner’s policy. The lender is protected by a lender’s policy for the amount of the mortgage. The lender’s policy has coverage until the mortgage is paid in full. The owner is protected by an owner’s policy for the full property value. An owner’s policy is optional and A Plus Title should be notified when starting the title search if an owner’s policy will be purchased. The owner’s policy lasts as long as you or your heirs have an interest in the property.

A lender’s policy does not cover the owner’s interest. We recommend owner’s policies to protect your investment in the case of a title problem. Only an owner’s policy can adequately protect your down payment or equity in the property.

Insurance fees are based upon closing price.  Discounts are available if you purchase both an owner’s and a lender’s policy.  Some counties also require tax on the insurance premium.  Both items will appear on your settlement statement.

We issue title insurance through Commonwealth Land Title Insurance Company.

606-451-0004  Tel
117 West Mount Vernon Street                                             606-451-0559 Fax
Somerset, Ky 42501                                                          aplustitle@alltel.net