Title Insurance

The word title is a collective term for all your legal rights to own, use and dispose of land. Title includes all previous ownership, uses and transfers. In order to insure the transfer of real estate property, a title search must be performed. Title insurance protects against the possibility of future loss should your legal rights to your property be challenged.

There are two types of title insurance: a lender’s policy and an owner’s policy. The lender’s policy protects the lender’s interest in the property for the amount of the mortgage loan. An owner’s policy typically protects the home-buyer for the purchase price. While a lender’s policy is often required to grant a mortgage loan, an owner’s policy is typically optional.

What is Title Insurance?

  • Title Insurance insures against events that happened in the past that affect title to the property.
  • The title company agrees to defend the title or pay losses the Insured may suffer if the title is challenged or defective.

How much does Title Insurance cost?

  • Title Insurance rates are set by the Texas Department of Insurance, so there is no difference between the rates offered by different companies.

How does a title company determine if it will insure the property?

  • Before issuing a title policy a search is made of county real property records. This search is done by using the company abstract plant which maintains references to deeds, mortgages, liens, deaths, divorces, etc. which might affect the property.
  • These instruments are examined by the title company.
  • The results of the examination determine whether the title company will issue a policy and what exceptions to coverage will be taken in the policy. The search and the commitment are not representations as to title but are done for title insuring purposes.

Why do I need Title Insurance?

  • Many title problems can arise to cause the complete or partial loss of your home or business property. Even the most careful search of the public records will not find every title problem. Because some problems are hidden, your title may appear to be perfect when in fact there may be a problem.

Contact Us

For additional information about services offered by Land Exchange Abstract & Title Co., please contact us.


    3201 E Stan Schlueter Loop
    Killeen, Texas 76542

    (254) 634-2227 Office

    (254) 634-4447 Fax


    Monday - Friday
    9:00am - 5:00pm


    401 South Main
    Copperas Cove, Texas 76522

    (254) 547-7048 Office

    (254) 547-6444 Fax


    Monday - Friday
    9:00am - 5:00pm