Know Your Costs
Before You Close

Title insurance is a one-time premium that protects property owners and lenders against losses from defects in the title — such as liens, encumbrances, or ownership disputes that existed before you purchased the property. Unlike other insurance that protects against future events, title insurance protects against past issues.

The owner's policy protects your ownership rights for as long as you own the property. The lender's policy protects your mortgage lender's investment. Most lenders require a lender's policy as a condition of the loan. When purchased together, you receive a simultaneous issue discount on the lender's premium.

In Utah, the seller typically pays for the owner's title insurance policy, and the buyer pays for the lender's policy. However, this can be negotiated in the purchase agreement. Your real estate agent can help with this negotiation.

No. Utah is a "file and use" state, meaning every title insurance underwriter must file their rates with the Utah Insurance Department and charge exactly those rates. This protects consumers from overcharging and ensures consistent pricing.

When both an owner's policy and a lender's policy are issued in the same transaction (which is standard on any financed purchase), the lender's policy premium is significantly reduced. This is because only one title search and examination is needed for both policies.

This calculator provides estimates based on representative Utah filed rate schedules. Actual premiums may vary depending on the specific title insurance underwriter used. For a precise quote including all closing costs (escrow fees, recording fees, endorsements), contact our team directly.