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Title insurance is a policy that protects against financial loss stemming from problems found in a property's title, or legal ownership. However, Iowa is the only state that does not allow private companies to sell title insurance. The state has a public title guarantee program.

Iowa Title Guaranty owner coverage provides assurance to owners that their property interest is free from certain title defects, liens and encumbrances, as defined by the terms and conditions of the certificate. The owner certificate protects owners from potential financial losses associated with the covered risks.

Title coverage provides coverage to a lender or a homeowner against loss or damage arising out of specific title defects. For lenders, the coverage assures that they will have a valid, enforceable lien in the desired position. For an owner, the coverage assures that they have marketable title.

For residential transactions, coverage of $750,000 or less is available for a flat fee of $175, and over $750,000, coverage is available for an additional cost of $1 per thousand. All endorsements and closing protection letters issued as part of a transaction are offered at no additional charge.

If you need help or are having trouble please call Iowa Title Guaranty at (515) 452-0484 or email titleguaranty@iowafinance.com.

ITG is a ?GUARANTY? system rather than an ?assumption of risk? system. ITG guarantees clear title by requiring defects be cleared prior to closing, rather than insuring over defects and assuming unnecessary liability for claims. Guaranties keep premiums low and protect the integrity of Iowa's land-title system.