Escrow & Title
An owner's title insurance policy in Kentucky is usually paid:
AAnnually like homeowner's insurance
BAs a one-time premium at closing✓ Correct
CMonthly as part of the mortgage payment
DOnly when a claim is filed
Explanation
An owner's title insurance policy requires a one-time premium paid at closing. The policy remains in force for as long as the insured (or their heirs) holds an interest in the property.
Related Kentucky Escrow & Title Questions
- Which of the following items would typically appear as a credit to the buyer on the closing disclosure?
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