FAQs

FAQs

Frequently Asked Questions

What is Title Insurance?

Title Insurance protects you against covered title defects, like a previous owner’s debt, liens and other claims of ownership that may have been instituted prior to purchasing your home.

What are the types of Title Insurance?

Loan Policy – Policy required by a mortgage lender to protect against title defects that could affect the lien of the lender’s mortgage.

Owner’s Policy – A separate policy that helps protect you against title defects that could affect your ownership rights.

How Long Does the Policy Last?

Loan Policy – Effective for the life of the loan.

Owner’s Policy – Lasts as long as you or your heirs retain an interest in the property or remain liable for any warranties on the title.

What does Title Insurance Cost

Average cost of a Loan Policy: $3.50 per $1000 of loan. 

Average cost of Owner’s Policy: $2.50 per $1000 of purchase price.  

***The price can vary depending on property value and location, along with state regulations. ***

What are the Most Common Title Claims

LIENS – Typically relate to the priority of a mortgage lien in relation to other such liens on the property and other types of liens attached to the property such as state or federal tax liens or other court judgements.  

BASIC RISKS -Fraud, forgery, undisclosed heirs, marital rights, recorded notices of zoning violations or building permit violations, and improper legal description of property.  

ENCUMBRANCES – Defects in insured title otherwise not excepted in the policy, such as missing interests, easements, or other recorded rights.  

ESCROW AND CLOSING ERRORS -Problems due to improper execution of closing documents improper recordings, and certain agent defalcations.

Moye Law Offices

We have two offices in West Virginia: Winfield and Cross Lanes.

Winfied

WINFIELD

Moye Law Office 12458 Winfield Road Winfield, WV 25213

Click for directions

(304) 586-1251 

Cross Lanes

CROSS LANES

Moye Law Office 116 Prosperity Place Cross Lanes, WV 25313

Click for directions

(304) 693-2331

Frequently Asked Questions

What is Title Insurance? 

Title Insurance protects you against covered title defects, like a previous owner’s debt, liens and other claims of ownership that may have been instituted prior to purchasing your home.

What are the types of Title Insurance?

Loan Policy – Policy required by a mortgage lender to protect against title defects that could affect the lien of the lender’s mortgage.

Owner’s Policy – A separate policy that helps protect you against title defects that could affect your ownership rights.

How Long Does the Policy Last?

Loan Policy – Effective for the life of the loan.

Owner’s Policy – Lasts as long as you or your heirs retain an interest in the property or remain liable for any warranties on the title.

What does Title Insurance Cost 

Average cost of a Loan Policy: $3.50 per $1000 of loan.

Average cost of Owner’s Policy: $2.50 per $1000 of purchase price.

***The price can vary depending on property value and location, along with state regulations. ***

What are the Most Common Title Claims

LIENS – Typically relate to the priority of a mortgage lien in relation to other such liens on the property and other types of liens attached to the property such as state or federal tax liens or other court judgements.  

BASIC RISKS - Fraud, forgery, undisclosed heirs, marital rights, recorded notices of zoning violations or building permit violations, and improper legal description of property.  

ENCUMBRANCES – Defects in insured title otherwise not excepted in the policy, such as missing interests, easements, or other recorded rights.  

ESCROW AND CLOSING ERRORS -Problems due to improper execution of closing documents improper recordings, and certain agent defalcations. 

Moye Law Offices

We have two offices in West Virginia:

Winfield and Cross Lanes.

Winfied

WINFIELD

Moye Law Office 12458 Winfield Road Winfield, WV 25213

Click for directions

(304) 586-1251 

Cross Lane

CROSS LANES

Moye Law Office 116 Prosperity Place Cross Lanes, WV 25313

Click for directions

(304) 693-2331

We Are Here To Help

Do you have a query or problem that you would like to talk about, or are you curious to hear more about how we can help you?

Get in touch today! We look forward to hearing from you.


Assistance Hours

Monday – Friday: 8:30am – 4:30pm

Saturday: By appointment only

Sunday: CLOSED

We Are Here To Help

Do you have a query or problem that you would like to talk about, or are you curious to hear more about how we can help you?

Get in touch today! We look forward to hearing from you.


Assistance Hours

Monday – Friday 8:30am – 4:30pm

Saturday: By appointment only

Sunday CLOSED

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