Blanco County Title Company

820 4th Street
Blanco, TX 78606
ph: 830-833-4651
fax: 830-833-5074

Title Insurance

 

Title insurance protects you and your lender if someone challenges your title to your property because of title defects that were unknown when you bought the policy.

     Most lending institutions will not loan money to purchase a house or other property unless you buy a "mortgagee" title policy. This policy protects the lender´s investment by paying the mortgage (loan amount) if a title defect voids your title. When you buy a house, the title company also issues an owner´s policy, unless you reject it in writing. The owner´s title policy protects you against the covered risks set out in the policy. Read your policy carefully. Check the title policy´s legal description of your land against your survey and your earnest money contract before the closing. Your title policy tells you how to file a claim and describes your coverage, including limitations, exclusions, exceptions, and special conditions.

      In Texas, the two most commonly sold title policies are the mortgagee´s title policy and the owner´s title policy. The form language in Texas title policies is determined by the state; title companies may sometimes describe their particular exceptions to your coverage differently, however. Therefore, you should read your title commitment and title policy carefully.

     All title companies charge the same rates, which are set by TDI. You pay a premium only once, at closing. The buyer and seller should negotiate who pays the premium for an owner´s title policy.     Texas Title Insurance Premium Rates

    820 4th Street
    Blanco, TX 78606
    ph: 830-833-4651
    fax: 830-833-5074