After the complexity of buying a home, choosing a title insurance company to handle the closing may feel like nothing more than a formality. Many homeowners simply select the company recommended by their lender or real estate agent, but keep in mind that you have the right to choose any provider you wish. Because they handle all of the legal aspects of the transaction, finding a title company that provides a high level of service is a crucial component of protecting your investment.

3 Things to Consider When Shopping for a Title Insurance Company

1. Fees May Vary

There’s a great deal of variance between the fees title insurance companies charge, even within the same market. When comparing the costs of different companies, remember to ask whether the other services you may need, like notarizing documents and conducting the closing, are included. With detailed information about what their insurance fee includes, you’ll be able to make more accurate side-by-side comparisons.

2. Hire a Local Company

Many larger title insurance companies or firms based in another city may lack the local market expertise it takes to fully protect your investment. Local companies have extensive experience serving their communities, and can do a much more thorough examination of the title records.

3. Title Insurance Protects You From Ownership Disputes

To ensure that you have a clean legal title to the property, a good title insurance company will examine a variety of records, including court judgments, divorce decrees, and tax payment documents. If a lien does exist against your property, having an expert perform a thorough title search can save you a considerable amount of stress and money later on.

The accomplished staff at First Financial Title Agency of Minnesota in Burnsville has more than 400 years of combined experience helping prospective buyers successfully navigate the real estate closing process. Visit their website to learn more about their background and expertise, get more advice on Facebook, or call (952) 831-5010  to contact the area’s premier title insurance company today.