Who pays for owners title insurance?

It depends on where you are and what the customs in that place are regarding real estate closing costs. This may vary not just from state to state but from city to city. To find out what the custom is in the area where you are buying the property, you can ask the title insurance company or your local realtor.

Usually, it is the seller who pays for the owner's title insurance. Remember, however, that this is customary but not mandatory. There are cases when the buyer is the one who pays. There are also times when both buyer and seller agree to split the costs.

What it comes down to is that the question of who pays for owner's title insurance is negotiable. Just because that's how it was always done in the past does not mean that you have to abide with it. You can try to talk it out with the other party so that you can come up with something that is agreeable to both of you. However, this agreement must be explicitly stated in the purchase offer and in the contract so that you are aware of who has the responsibility to pay.

Now, if you want to be the one who will choose which title insurance company to work with, then it is expected that you will be the one to pay for the owner's title insurance.

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