Escrow & Title
In Colorado, 'title insurance' premiums are typically paid:
AMonthly as part of the mortgage payment
BAs a one-time premium at closing✓ Correct
CAnnually renewable like homeowners insurance
DOnly if a title defect is discovered
Explanation
Title insurance premiums are paid as a one-time payment at closing. Unlike other insurance, there are no ongoing premiums — the policy provides coverage for as long as the insured (or their heirs) retains an interest in the property.
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