As part of the title insurance process, a title search is performed to review public records for documents that may affect ownership of the property, such as deeds, mortgages, liens, easements, and other recorded matters. Those findings are then examined to confirm the current status of title and identify any issues that must be resolved before closing. Based on this review, the title insurer determines what can be insured and lists any requirements or exceptions in the title policy.

Even the most thorough title search can’t uncover every risk. Hidden issues like filing errors, forgery, or undisclosed heirs can still arise. Title insurance helps protect you from these unexpected problems and safeguard your investment.

A loan policy provides protection for the lender’s interest in a property. Issued at closing, it ensures that the mortgage is a valid, enforceable lien against the property and that the lender has priority over other claims, subject to listed exceptions. The policy protects the lender against losses caused by covered title defects that existed prior to closing.

An Owner’s Policy protects your ownership interest in the property. Issued at closing, it helps safeguard against losses caused by covered title defects that existed prior to the purchase, such as undisclosed heirs, recording errors, or forgery. Unlike lender coverage, an Owner’s Policy remains in effect for as long as you or your heirs have an interest in the property.

For homeowners purchasing a primary residence, an extended coverage Owner’s Policy, often referred to as a Homeowner’s Policy offers broader protection beyond a standard Owner’s Policy. In addition to basic title risks, it may provide coverage for additional issues that could affect your ownership or use of the property. This enhanced protection is designed specifically for homeowners who want added peace of mind and more comprehensive coverage for their home.

Columbia Title is committed to providing the most comprehensive coverage available to meet your specific needs.

Title insurance premiums are one‑time fees paid at closing—not ongoing payments. The Owner’s Policy premium is based on the purchase price and protects the ownership interest for as long as they or their heirs own the property. The Loan Policy premium is based on the loan amount and protects the lender’s interest in the property for the life of the loan. While both premiums are paid at closing, each policy serves a different purpose: one protects the owner, and the other protects the lender.

A refinance replaces your existing loan with a new one, which is why a new lender title insurance policy is required. Columbia Title performs a comprehensive title search, clears any issues affecting title, and issues a Loan Policy to ensure the lender’s lien is properly protected. We work closely with your lender to provide a smooth, efficient refinance closing.