Usually the title insurance company you will use is already put into the closing cost figures when buying a new home and most don't even give it a second look. But title insurance companies, like any insurance company, offer different costs and you have the right to choose what title insurance company you want to purchase your title insurance policy with.
Here are a few tips when shopping for a title insurance company:
1.The choice of which title insurance company to select is yours, so contact more than one title insurance company to compare costs.
2.If the property you are purchasing has been re-sold in the last 5 years check to see if the title insurance company will offer you a discounted rate.
3.Are you a first-time home buyer? Then you may be eligible for an additional discount.
4.See if the property insurance company you are selecting offers title insurance in order to get a better rate.
5.As the property buyer, your title insurance should be for the full purchase price of the property. Be aware that sometimes the value of a home is less than the full purchase price.
