Title insurance is paid as a one-time fee on settlement day. The protection remains in effect for as long as you (or your heirs) own the property.
The cost of title insurance is based on the sale price of the home and regulated by the Title Insurance Rating Bureau of Pennsylvania (TIRBOP); as a result, all members of TIRBOP within Pennsylvania charge the same amount for title insurance. However, some title companies also charge the buyer for extraneous things such as “deed prep” or “settlement fees”. Security Abstract does not assess these extra charges and seeks to provide exceptional commercial and residential title insurance at a reasonable price.
A Rate Calculator is available on securityabstract.com for an estimate of costs. If you have any questions about your specific situation, we are always happy to help. Please do not hesitate to contact the office at (610) 584-6890 or titleservices@securityabstract.com