Chicago Title will complete a title search of the property to be conveyed and issue a commitment to insure the purchaser up to the value of the policy against losses due to unrecorded transfers, undisclosed liens, or other claims against the property, according to the terms therein. We invoice for the owner's and lender's (if applicable) title insurance policy at closing according to the terms of your real estate contract.

It is customary in the Kansas City metro area for the seller to purchase the Owner's Title Policy. The premium for the Owner's Policy is based on the amount of insurance required, and is available by phone from any of our conveniently located offices in the Kansas City metro area. A settlement fee of $150.00 is typically charged to the seller for closing services provided. There is also a $25.00 Closing Protection Fee for all Missouri properties. Please contact the Chicago Title office nearest you for specific fees for your transaction.

If the purchaser obtains a loan or mortgage, the lender will require a title insurance policy to insure their loan amount, and the purchaser customarily provides this. The premium for this policy, if issued simultaneously with an owner's policy and does not exceed the owner's policy amount is $275.00 for Kansas properties. For Missouri properties, there is a Missouri Premium of $4.00 and Service Charges of $271.00 for a total of $275.00. A Missouri Closing Protection Fee of $25.00 would also apply.