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  • Blue Pointe Title

Where to Purchase Title Insurance in Michigan

Updated: Aug 3, 2023


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Don’t let the excitement of purchasing a new home let you make decisions you may regret later, such as declining title insurance.


When investing in this insurance policy, you are protecting yourself from things that happened before you took ownership. You never know what may arise - or when. So, investing in a title insurance policy is your best line of defense.


But where do you purchase title insurance in Michigan? Let’s find out.


Why You Need Title Insurance


Understanding the importance of title insurance comes with understanding what it is.


When you sign the initial contract and put down your good faith deposit, this will initiate the title process. A title search will be performed, including a deep dive into all the records involving the subject property.


Title examiners go over every fine detail, confirming that the seller has a legal right to sell the property. They also confirm that there are no title issues, such as:


  • Outstanding taxes

  • Liens

  • Lawsuits or judgments

  • Easements

  • Unknown heirs

  • Forged documents

  • Fraudulent activity

  • Missing/unknown wills

  • Bankruptcies


These are just a few of the many issues that title agents are looking for. Should any arise, they will need to be cleared up, if possible, prior to closing. Otherwise, the sale may not go through.


It does not matter how diligent a title search is, it is always possible for something to get missed. Unknown heirs may appear that no one knew existed. A judgment may have been erroneously recorded under the wrong name. Or an old mortgage may have been missed.


A title insurance policy that is offered after the title search is completed will cover many of these issues should they appear anytime after you take ownership.


Types of Title Insurance


There are two main types of title insurance - owner's title insurance and lender's title insurance.


An owner’s title insurance policy protects the new owner. This policy requires one premium payment paid at closing and it covers the new owner and their heirs for as long as they have an interest in the property. In Michigan, the purchase of this policy is optional.


A lender’s title insurance policy protects the lender. It, too, only requires one premium payment paid at closing and it will remain in effect for the life of the loan. Many lenders make purchasing this policy a condition of the loan.


Who Pays for Title Insurance in Michigan?


There is no rule or regulation about who must pay for title insurance policies in a real estate transaction. However, in Michigan, it is often customary for the seller to purchase the owner’s title insurance policy at closing on behalf of the new owner.


If there is a new loan, the lender will almost always require that a lender's title insurance policy be purchased at closing - and this is often the responsibility of the buyer.


The party who is responsible for the purchase of these policies can always be negotiated as part of the terms of the sale.


Where to Purchase Title Insurance in Michigan


Title insurance policies are purchased through the title company of your choice. In Michigan, it is customary for the seller to choose the title company. However, it is your right as the buyer to choose your own title company, too.


When selecting a title company, you want to find someone who is established and well-respected within the community. You also want a title company that:


  • Is highly experienced and skilled in the industry - and handling your type of transaction

  • Has streamlined operations in place for a smooth closing

  • Offers you affordable title insurance and closing costs

  • Provides you with conveniences, such as mobile closings

  • Takes the security and safety of your transaction seriously


For an efficient and hassle-free experience, choose your title company wisely. After all, they play an integral role in your entire real estate transaction.


Title Insurance at Blue Pointe Title


If you are buying a home in Michigan and want to purchase a title insurance policy, then Blue Pointe Title is a great option. Not only do we provide you with protection from title insurance, but we also do a thorough and diligent title search first. We are with you every step of the way.


Learn more about title insurance and what we have to offer you. Contact us today at (517) 258-1511.

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