If you are purchasing a home, you might want to discuss title insurance by way of your bank, or get in touch with a local agent that focuses on title insurance. Title insurance is an insurance policy that looks after you or your mortgage lender from troubles linking to the propertys title prior to the date of the policy. Examples of these kinds of problems include, if somebody were to forge a signature in a previous transfer of the title from one holder to another, or to leave unsettled real estate taxes on the house. Titles insurance is different from home insurance and car insurance, because its focal point is on potential upcoming hazards. There is a yearly premium, and local title insurance is a protected against injury from hazards and flaws previously presented long ago. A local owners title insurance, given out in the quantity of the real estate buy, can be purchased for a one time fee and remains as long as you or your beneficiaries possess an interest in the property. The premium payment differs for each local state, but it is typically one percent of the price paid for the property. According to the American Land Title Association, in California, the cost of owners title insurance varies from $1,200 to $2,000 dollars for a $500,000 dollar home.