FAQ's
Frequently Asked Questions
We’ve compiled a list of frequently asked questions to help you find the information you need quickly and easily. If you have a specific question or need further assistance, please don’t hesitate to reach out to us. We’re always here to help!
Why Does Title Insurance Matter?
Closing on a home or commercial property is a major milestone, but it’s also a complex process. One of the most important steps is securing Title Insurance to protect your investment. At Cambridge Title, we help ensure your ownership rights are clear, protected, and backed by trusted coverage.
What Exactly Is a “Title”?
Is Title Insurance Really Necessary?
Yes. Even with a detailed title search, certain issues can go undetected. For example, unpaid liens, missing heirs, or errors in public records. Title Insurance covers you against these hidden risks and also includes legal defense costs if a dispute arises.
What Kinds of Issues Can Affect a Title?
Title defects can come in many forms such as:
• Errors in public records
• Forged signatures
• Unknown heirs
• Outstanding liens or lawsuits
Even years after you’ve bought your property, these problems can surface, putting your ownership and equity at risk.
Doesn’t My Lender Require Title Insurance?
Yes, but that policy protects the lender, not you. Lenders typically require a Lender’s Policy, which secures their interest in the property. To protect yourself, you need an Owner’s Policy. This ensures your personal investment is covered against prior claims and defects.
How Much Does Title Insurance Cost?
Title Insurance is a one-time premium based on your property’s value. Unlike auto or health insurance, you don’t pay annually. You pay once at closing, and your policy protects you for as long as you own the property.
When Should I Contact Cambridge Title?
Reach out to Cambridge Title as soon as your purchase agreement is signed. Our experienced team will begin researching the title, resolving any issues, and preparing everything for a smooth and timely closing.
Can I Shop Around for Title Insurance?
What Should I Bring to Closing?
Here’s a general checklist. We’ll always confirm what’s needed based on your transaction and location.
For Buyers:
• Government-issued photo ID
• Copy of the purchase agreement
• Proof of homeowner’s insurance
• Any required funds (usually in certified form)
• Invoices for outstanding taxes, utilities, or fees
For Sellers:
• Government-issued photo ID
• Copy of the purchase agreement
• Paid receipts for mortgages, liens, or judgments
• Utility statements or meter readings
• Proof of ownership of any included personal property
• Any supporting documents for title clearance
Questions About Your Transaction? We’ve Got Answers.
Our team is ready to help so reach out today.
Our knowledgeable staff is just a message or call away. Whether residential or commercial, we’ll guide you through the closing process. Contact us now or speak with our team directly.