Types of Coverage
There are different title policies available to purchasers and lenders. The items covered in the policies and the costs for the policies vary depending on the specifics of the property and certain elections of the insured. Generally speaking, the title industry offers two types of policies: a “standard” and an “eagle.” The eagle policy will offer some additional coverage for an increased cost of approximately 20%, as compared with the standard policy. Questions pertaining to coverage and costs should be discussed on an individual basis with the title company.