Title insurance is a type of insurance that protects real estate owners and lenders against any property loss or damage they might experience due to prior owner judgments, liens, unknown heirs, encroachments and easements. Many of these things may not be known right away, and may arise as problems that threaten ownership years down the line. Title insurance is a one time cost at settlement and will protect you for the remainder of your ownership.

Title insurance rates are determined by the Pennsylvania Department of Insurance and is a one-time premium payment at settlement.

In Pennsylvania, Lenders require Title insurance in order to issue a mortgage loan. While the owner’s policy is not required, it is highly recommended to ensure protection against any issues that may arise.

Owner's title insurance protects the homeowner's investment in the property, while lender's title insurance protects the lender's financial interest in the property. Both policies provide coverage for different risks associated with the property's title.

Endorsements 100, 300, and 900 are common endorsements included on a Lender’s title insurance policy which we have included in your free estimate.
100 (Covenants, Conditions and Restrictions): This insures against loss or damage from a violation of any agreement set forth on the Lender’s policy.
300 (Survey Exception): This insures the Lender for matters discoverable by a survey or any loss or damage by the encroachment of another property.
900 (Environmental Protection Lien): This provides coverage to the Lender that the mortgage lien takes priority over any environmental protection liens that may be found.
If you have more questions about how to read a title insurance policy or what each line item means feel free to check out our guide here.

A CPL is a contract between the Title Insurance Underwriter and the Lender. The Underwriter is agreeing to indemnify the Lender for losses if there is misconduct by the Closing Agent. Lenders require this letter on all transactions.