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As a title company, helping you transact your business dealings in a timely and comfortable manner is of paramount importance to us. Providing you access to additional resources is our pleasure. Feel free to visit the links on the right to find out more about the real estate market and businesses in the communities we are privileged to serve.
Why Title Insurance?
Many title problems can cause the complete or partial loss of your home or property. Even the most careful search of public records may not uncover all title transactions. Therefore, while your title appears to be in order, there may be problems which arise later.
Owner’s title insurance protects you against financial loss caused by covered title risks. The title insurer, without expense to you, will defend you against an attack on the title to your property. The title insurer will indemnify you against the defined financial loss up to the policy limit. A one-time premium provides you with this valuable protection.
Before buying real estate, give Community Title Company a call. Ask how simple it is to insure yourself against title loss.
We have compiled this list of “land mines” that could result in partial or complete loss of your property or an expensive lawsuit.
“Land Mines”
- Forged deeds, releases, etc
- Documents executed under duress
- Defective acknowledgements
- Inadequate legal descriptions
- Mistakes in recording legal documents
- Mistaken reports furnished from taxing authorities
- Errors in tax records
- Falsification of records
- Undisclosed or missing heirs
- Errors in indexing legal documents by the County
- Deeds to or from defunct corporation
- Deeds by persons supposedly single but secretly married
- Deeds from persons not competent to handle their affairs
- Deeds from minors
- Misinterpretation of wills
OUR RATES
Rates Effective September 1, 2019
| Policies Up To And Including | Basic Premium | Policies Up To And Including | Basic Premium | ||||
|---|---|---|---|---|---|---|---|
| $25,000 | $328 | $44,000 | $456 | $63,000 | $583 | $82,000 | $711 |
| $25,500 | $331 | $44,500 | $459 | $63,500 | $587 | $82,500 | $716 |
| $26,000 | $335 | $45,000 | $463 | $64,000 | $591 | $83,000 | $720 |
| $26,500 | $338 | $45,500 | $466 | $64,500 | $594 | $83,500 | $722 |
| $27,000 | $340 | $46,000 | $469 | $65,000 | $597 | $84,000 | $725 |
| $27,500 | $343 | $46,500 | $473 | $65,500 | $600 | $84,500 | $729 |
| $28,000 | $347 | $47,000 | $475 | $66,000 | $604 | $85,000 | $732 |
| $28,500 | $350 | $47,500 | $478 | $66,500 | $609 | $85,500 | $735 |
| $29,000 | $355 | $48,000 | $483 | $67,000 | $612 | $86,000 | $738 |
| $29,500 | $358 | $48,500 | $487 | $67,500 | $613 | $86,500 | $743 |
| $30,000 | $361 | $49,000 | $490 | $68,000 | $617 | $87,000 | $747 |
| $30,500 | $364 | $49,500 | $493 | $68,500 | $621 | $87,500 | $749 |
| $31,000 | $368 | $50,000 | $496 | $69,000 | $624 | $88,000 | $752 |
| $31,500 | $371 | $50,500 | $499 | $69,500 | $627 | $88,500 | $756 |
| $32,000 | $374 | $51,000 | $501 | $70,000 | $631 | $89,000 | $760 |
| $32,500 | $378 | $51,500 | $505 | $70,500 | $635 | $89,500 | $762 |
| $33,000 | $381 | $52,000 | $510 | $71,000 | $639 | $90,000 | $765 |
| $33,500 | $385 | $52,500 | $514 | $71,500 | $641 | $90,500 | $769 |
| $34,000 | $388 | $53,000 | $516 | $72,000 | $644 | $91,000 | $773 |
| $34,500 | $392 | $53,500 | $520 | $72,500 | $648 | $91,500 | $777 |
| $35,000 | $395 | $54,000 | $523 | $73,000 | $651 | $92,000 | $779 |
| $35,500 | $398 | $54,500 | $526 | $73,500 | $654 | $92,500 | $783 |
| $36,000 | $401 | $55,000 | $529 | $74,000 | $658 | $93,000 | $786 |
| $36,500 | $405 | $55,500 | $532 | $74,500 | $662 | $93,500 | $790 |
| $37,000 | $408 | $56,000 | $537 | $75,000 | $666 | $94,000 | $791 |
| $37,500 | $412 | $56,500 | $540 | $75,500 | $668 | $94,500 | $796 |
| $38,000 | $416 | $57,000 | $543 | $76,000 | $671 | $95,000 | $801 |
| $38,500 | $419 | $57,500 | $547 | $76,500 | $674 | $95,500 | $804 |
| $39,000 | $421 | $58,000 | $551 | $77,000 | $678 | $96,000 | $805 |
| $39,500 | $425 | $58,500 | $553 | $77,500 | $681 | $96,500 | $809 |
| $40,000 | $428 | $59,000 | $556 | $78,000 | $685 | $97,000 | $813 |
| $40,500 | $433 | $59,500 | $560 | $78,500 | $689 | $97,500 | $817 |
| $41,000 | $435 | $60,000 | $564 | $79,000 | $693 | $98,000 | $820 |
| $41,500 | $439 | $60,500 | $568 | $79,500 | $694 | $98,500 | $824 |
| $42,000 | $442 | $61,000 | $571 | $80,000 | $698 | $99,000 | $827 |
| $42,500 | $446 | $61,500 | $573 | $80,500 | $702 | $99,500 | $830 |
| $43,000 | $448 | $62,000 | $577 | $81,000 | $706 | $100,000 | $832 |
| $43,500 | $452 | $62,500 | $581 | $81,500 | $708 |
Basic premium for policies in excess of $100,000 shall be calculated according to the steps below:
- Step 1 In column (1), find the range including the policy’s face value.
- Step 2 Subtract the value in column (2) from the policy’s face value.
- Step 3 Multiply the result in Step 2 by the value in column (3), and round to the nearest dollar.
- Step 4 Add the value in column (4) to the result of the value from Step 3.
(See calculation examples folowing the table below)
Title Basic Premium Calculation for Policies in Excess of $100,000
| (1) Policy Range |
(2) Subtract |
(3) Multiply by |
(4) Add |
| [$100,001 – $1,000,000] | 100,000 | 0.00527 | $832 |
| [$1,000,001 – $5,000,000] | 1,000,000 | 0.00433 | $5,575 |
| [$5,000,001 – $15,000,000] | 5,000,000 | 0.00357 | $22,895 |
| [$15,000,001 – $25,000,000] | 15,000,000 | 0.00254 | $58,595 |
| [$25,000,001 – $50,000,000] | 25,000,000 | 0.00152 | $83,995 |
| [$50,000,001 – $100,000,000] | 50,000,000 | 0.00138 | $121,995 |
| [Greater than $100,000,000] | 100,000,000 | 0.00124 | $190,995 |
Examples
| Policy Value | Basic Premium |
| $268,500 | $1,720 |
| $4,826,600 | $22,144 |
| $10,902,800 | $43,968 |
| $17,295,100 | $64,425 |
| $39,351,800 | $105,810 |
| $75,300,200 | $156,909 |
| $151,250,300 | $254,545 |
Examples for Policies in Excess of $100,000
Example 1:
(1) Policy is $268,500
(2) Subtract $100,000 ==> $268,500 – $100,000 ==> Result = $168,500
(3) Multiply by 0.00527 ==> $168,500 x 0.00527 ==> $888.00 ==> Result = $888
(4) Add $832 ==> $888 + $832 ==> Final Result = $1,720
Example 2:
(1) Policy is $4,826,600
(2) Subtract $1,000,000 ==> $4,826,600 – $1,000,000 ==> Result = $3,826,600
(3) Multiply by 0.00433 ==> $3,826,600 x 0.00433 ==> $16,569.18 ==> Result = $16,569
(4) Add $5,575 ==> $16,569 + $5,575 ==> Final Result = $22,144
Example 3:
(1) Policy is $10,902,800
(2) Subtract $5,000,000 ==> $10,902,800 – $5,000,000 ==> Result = $5,902,800
(3) Multiply by 0.00357 ==> $5,902,800 x 0.00357 ==> $21,073.00 ==> Result = $21,073
(4) Add $22,895 ==> $21,073 + $22,895 ==> Final Result = $43,968
Example 4:
(1) Policy is $17,295,100
(2) Subtract $15,000,000 ==> $17,295,100 – $15,000,000 ==> Result = $2,295,100
(3) Multiply by 0.00254 ==> $2,295,100 x 0.00254 ==> $5,829.55 ==> Result = $5,830
(4) Add $58,595 ==> $5,830 + $58,595 ==> Final Result = $64,425
Example 5:
(1) Policy is $39,351,800
(2) Subtract $25,000,000 ==> $39,351,800 – $25,000,000 ==> Result = $14,351,800
(3) Multiply by 0.00152 ==> $14,351,800 x 0.00152 ==> $21,814.74 ==> Result = $21,815
(4) Add $83,995 ==> $21,815 + $83,995 ==> Final Result = $105,810
Example 6:
(1) Policy is $75,300,200
(2) Subtract $50,000,000 ==> $75,300,200 – $50,000,000 ==> Result = $25,300,200
(3) Multiply by 0.00138 ==> $25,300,200 x 0.00138 ==> $34,914.28 ==> Result = $34,914
(4) Add $121,995 ==> $34,914 + $121,995 ==> Final Result = $156,909
Example 7:
(1) Policy is $151,250,300
(2) Subtract $100,000,000 ==> $151,250,300 – $100,000,000 ==> Result = $51,250,300
(3) Multiply by 0.00124 ==> $51,250,300 x 0.00124 ==> $63,550.37 ==> Result = $63,550
(4) Add $190,995 ==> $63,550 + $190,995 ==> Final Result = $254,545
