Why do I need title insurance?

Real Estate Agent with Long & Foster Real Estate Inc 610-225-7400 PA License - AB067198

Tredyffrin Easttown Real Estate

This week we are tackling a question we get asked frequently, Why do I need title insurance, what does it do?

Secondly as our clients talk with the title company they then get asked do you want the standard or enhanced policy?

Well we sat down with Colleen P Heath of Sage Premier Settlements, (disclaimer they are a subsidiary of Long & Foster Real Estate and if you use them, Long & Foster makes money from that transaction).

Watch our video and let us know if you have any other questions?

  • Title Insurance has two parts, an owner policy which covers you the owner, and a second part that insures the banks interest in the property.
  • Whilst you may waive your coverage a bank will insist that you have coverage protecting their interests in the property. 
  • If you refinance later, your owner coverage does not need renewing, but you will need a new policy covering the new lender.
  • Enhanced or Standard? Standard coverage protects you from everything that happened before settlement excluding anything listed in the policy. Enhanced covers you for that plus going forward from settlement as well.
  • There may be deductibles and caps to the amount of coverage.
  • Enhanced increases with the value of the property up to 150% of the purchase price.
  • Enhanced costs 10% more than the standard policy.

Let me know if you have any other real estate questions we can tackle.  Remember contact Nick Vandekar, Tredyffryn Easttown Realtor with Long & Foster Real Estate Inc., Nick@VandekarTeam.com, office 610-225-7400, cell or text 610-203-4543, website www.SellingTheMainLine.com


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Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Afternoon Nick & Trudy Vandekar, 610-203-4543,

I believe all should have Title Insurance. I've seen too many instances where title problems arise and foul's a Real Estate transaction. 

Jun 27, 2017 02:03 PM #2
Shahar Hillel
Augusta Financial Inc. - Stevenson Ranch, CA
Mortgage Consultant, Loan Officer.

Nick and Trudy.

Title insurance is very important.

Great explanation and post.


Jun 27, 2017 05:40 PM #3
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

I had a title issue that could have easily cost me over $20,000 had it not been for the other party wanted to get things done the right way

Jun 27, 2017 06:39 PM #4
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I always suggest buyers get title insurance or at least have a conversation with the title company about it.

Jun 27, 2017 07:22 PM #5
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nick, great post explaining why title insurance is needed.  In Colorado, if you close a property, you need title insurance.

Jun 28, 2017 05:36 AM #6
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Francine Viola thank you, glad you likedit.

Doug Dawes we find most people do, obviously if they have a mortgage that is covered, and when they understand what it covers they usually take it. There is always the question between the two types of policy, standard and enhanced.

Shahar Hillel thank you, have a good week.


Jun 28, 2017 05:57 AM #7
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

William Feela thank goodness for that.

Debbie Reynolds I agree, a good policy to have just in case.

Joan Cox in PA if you have a mortgage you need it, otherwise, paying cash you can waive it.

Jun 28, 2017 05:59 AM #8
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nick, 

Great explanation of what title insurance is all about. Our clients need to know what they are paying for!


Jun 28, 2017 06:57 AM #9
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

If there is a mortgage, you must have title insurance to protect the lender. Even if you pay cash, you'll want to protect your investment! Great post.

Jun 28, 2017 07:43 AM #10
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Here on Long Island, the buyer's attorney orders the title insurance...

Jun 28, 2017 08:24 AM #11
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is important information to share with home buyers.

Jun 28, 2017 10:59 AM #12
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nick and Trudy

Title insurance protects the buyer of the property. So I would yes the buyer needs title insurance.

Good luck and success.

Lou Ludwig

Jun 28, 2017 07:11 PM #13
Amanda Hope
Atlantic Shores Realty Expertise - Vero Beach, FL
Specializing in Vero Beach & Sebastian Real Estate

Very informative post for buyers.  Great post.

Jun 28, 2017 07:21 PM #14
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Here in California you can not close a transaction unless you have Title Insurance and Title is clear...I can tell horror stories where people did not have Title Insurance and they did not use Escrow Companies either...:)Endre

Jul 01, 2017 09:51 PM #15
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Sheri Sperry - MCNE® that is very true.

Pat Starnes typically people take title insurance without a quibble. We find the biggest question is always the difference between standard and extended coverage.


Jul 05, 2017 11:56 AM #16
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 In PA typically it is ordered by the buyers agent as attorneys are not involved.

Roy Kelley buyers need to know what each cost is for and what it does for them.

Lou Ludwig correct.

Amanda McNew thanks for commenting, glad you enjoyed the post.

Endre Barath, Jr. yes title has to be clear, lots of stories trying to get old mortgages removed at the last minute.


Jul 05, 2017 11:59 AM #17
Patricia Feager, MBA, CRS, GRI,MRP
Selling Homes Changing Lives

Nick & Trudy Vandekar, 610-203-4543 - You spearhead Real Estate education to the consumers in the most professional way with accuracy and knowledge. In my opinion, nobody else compares to you. 

Jul 07, 2017 09:25 AM #18
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Patricia Feager you are so very kind, thank you.

Jul 07, 2017 09:33 AM #19
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Nick and Trudy.  Valuable information for those that question the need for title insurance.

Jul 08, 2017 04:38 AM #20
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Always buy title insurance. There are numerous problems that can pop up, and title insurance covers many of them.


Jun 07, 2018 06:46 AM #21
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Nick Vandekar, 610-203-4543

Tredyffrin Easttown Realtor, Philly Main Line
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