Title Insurance in Virginia

Secure Your Investment with Title Insurance in Virginia

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When purchasing residential or commercial real estate in Virginia, mortgage lenders require borrowers to obtain a lender's policy of title insurance. This one-time premium, based on the sale price or loan amount, ensures that both lenders and property owners are protected. Owner’s title insurance coverage is calculated based on the property purchase price, while lender’s coverage is based on the loan amount.

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Protect Your Ownership with Title Insurance in Virginia
 

Owner’s Title Insurance is designed to safeguard your ownership interest in your home, as outlined in the title insurance policy. This policy protects against any pre-existing title defects that existed before your purchase, offering peace of mind. Note that any liens or judgments incurred after purchasing the home are not covered by title insurance.

By purchasing an Owner’s Title Insurance policy at the time of your home purchase, you are protected for as long as you own the home. This coverage extends to any title claims that may arise from the day of your purchase back to the property's historical records. If a legal challenge to your home’s ownership occurs due to a prior claim, the policy will provide protection.

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Cost of Title Insurance in Virginia

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​The cost of Title Insurance in Virginia is typically a one-time premium paid at closing. This premium is based on the sale price or loan amount and can vary depending on several factors, including the property's value and the coverage amount. For owner’s coverage, the cost is calculated based on the property's purchase price, while lender’s coverage is based on the loan amount. On average, Title Insurance premiums in Virginia range from $1.50 to $3.00 per $1,000 of the property's value. It's essential to consult with a title insurance provider to get an accurate quote tailored to your specific transaction.

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Our Title Insurance Services in Virginia Include...

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• Owner’s Policies - Comprehensive protection for property owners.

• Lender’s Policies - Ensuring lender's interests are secured.

• Title Searches - In-depth searches covering 40 and 60 years, as well as current owner searches.

• Closings and Escrow Services - Streamlined processes for property transactions.

• Recording Services and Title Updates - Keeping title records accurate and up-to-date.

• Insured Closing Letters - Providing assurance during closing.

• MLA Services - Additional specialized services.

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Additional Title Services in Virginia
 

• Settlement Services - Efficient handling of settlement processes.

• Additional Title Services - Broad range of supplementary title services.

 

For title insurance in Virginia, trust the team at The Closers of Virginia for your residential and commercial title needs.