A Title Insurance Commitment:
Is a contract to issue the title insurance policy once the conditions have been met and the premium paid.

States the conditions to be met to insure the proposed transaction.

Includes a summary of title defects, liens, encumbrances, easements, restrictions and other matters that will not be insured against by the title insurance policy.

An owners title insurance policy protects you from loss due to hidden defects in title, such as forgery, undisclosed heirs or legal incompetency of parties.

A title insurer will indemnify you from loss resulting from covered defects in title.

The title insurer will defend you, at its own expense, against litigation which arises as a result of a defect in your title not excepted or excluded from coverage in the policy.

The cost of an owner's title insurance policy is based on the amount of insurance.

The amount of insurance under an owner's policy will be established by the market value or sale price of the property.

Only a one time premium is paid but protections last as long as the insured, or his/her heirs, have any interest in the property, or have an obligation because of warranties given in the deed when the property is sold.

If you are insured under a owner's policy you can pay a reduced rate for the policy you provide to the purchaser of the insured property.