Benchmark Title Company, LLC


Title Insurance, Questions and Answers

Sarah Holdener

What is Title Insurance?

First, 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. Before the transfer of real estate property, it is strongly suggested that a title search be performed, and in most cases, the title must be found free and clear of any circumstances that could affect your ability and right to maintain ownership.

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: an owner’s policy and a lenders policy. The lenders policy protects the lenders interest in the property up to the amount of the mortgage filed against the property. While a lenders policy is generally required in order for a bank or other lender to grant a mortgage loan, an owner’s policy is actually optional, but highly recommended.

What is a Title Search?

A title search was described in a previous “Title Tip” which can be found on our web site under the heading of “Title Tip Newsletter”. That article is dated August 31, 2007. Briefly, a title search is a detailed examination of the public records on a particular property to verify the sellers right to transfer the property.

How long does Title Insurance last?

A lenders policy lasts until the Mortgage/Deed of Trust is paid in full, once paid off the coverage ceases. An owner’s policy remains in force as long as you or your heirs have an interest in the property. If challenges arise after the property has been passed to your heirs, the title insurance company would defend the title for them just as it would have for you, up to the amount of the actual loss, which could be the full amount of the policy limit.

In a future “Title Tip” we will cover some of the common items a title insurance policy would cover along with a brief description of the meaning of those coverage’s. Unlike most other forms of insurance the cost of title insurance is a one-time fee, payable at the closing, never a monthly premium payment due.


Any questions can be directed to Benchmark Title at 618-239-3750. Please feel free to call or email:  

John Howe

Doreen Miller, Esq.
Commercial Division Manager

Michelle Null
VP Escrow Operations

Bethany Bond
Marketing Director

Serving you from three convenient locations:

Main Office:
1124 Hartman Lane
Shiloh, IL 62221
Ph: 618-239-3750
Escrow Fax: 618-239-3707
Title Fax: 618-239-3757
Fax Orders: 618-310-1589
President: John Howe

318 North Main St.
Columbia, IL 62236
Ph: 618-281-9700
Fax: 618-281-9705
Manager: Randi Schur

4215 S. State Rte 159
Glen Carbon, IL 62034
Ph: 618-288-1695
Fax: 618-288-1852
Manager: Sara Sowell

Save the Date!
Realtors Don't Forget our Listing Exchange in our Columbia Office will be held on Thursday, October 18th.  Please contact Bethany Bond for details.

Did you say free?

Be the first in your office to try out, Benchmark Title's new FREE online transaction management system. Why waste time making status phone calls or standing by the fax waiting for your title commitment when you can get what you need instantly from your own computer. Visit for more information or call April Tolan, our SureClose Specialist, at 618-239-3750 for your sign-on so you can start saving yourself time and money today. We'll even give you and your clients a free CD at closing containing copies of their closing documents.

Give me my policy!

Did you know that lenders and home buyers now receive their title policies at the closing table? Contact Michelle Null, VP Escrow Operations, to learn more about this exciting new program.

Ready to refi?

Lenders and homeowners will want to hear about our fantastically low new refinance rates. Contact us today for a quote!

Why wait?

You can place your next title order now by clicking here.



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