How Does Title Insurance Work in Colorado Springs?

Jerad Larkin
Oct 11
3 min read

Introduction: Protecting Your Home Investment

If you’re buying a home in Colorado Springs, one question you might have is: “What is title insurance, and why do I need it?”

Buying a home in Colorado Springs? Learn how title insurance protects buyers and lenders, with expert support from Jerad Larkin and Chicago Title Colorado.

Colorado Springs is one of the fastest-growing housing markets in the state, with new construction, military relocations, and a steady influx of buyers. With so much activity, risks like liens, unpaid taxes, and clerical errors can complicate real estate transactions. That’s where title insurance in Colorado Springs comes in.

In this post, we’ll explain how title insurance works, what it protects against, and why Jerad Larkin and Chicago Title Colorado are trusted by homeowners and agents throughout the Springs and the Front Range.

What is Title Insurance?

Title insurance protects buyers and lenders against financial loss from defects in the property’s title. Unlike other insurance that covers future risks, title insurance protects against past issues that could affect ownership.

In Colorado Springs, this typically covers:

Unpaid contractor or mechanic’s liens.
Property tax liens.
Errors in public records.
Fraud or forged signatures.
Boundary or survey disputes.

Why Title Insurance is Essential in Colorado Springs

With a strong military presence, frequent relocations, and rapid new construction, Colorado Springs real estate carries unique risks. For example:

A contractor on a newly built home might not have been fully paid.
Clerical errors in El Paso County records could cloud ownership.
A previous owner may have passed away without properly transferring title.

Without title insurance, these problems could become your responsibility as the new homeowner.

Types of Title Insurance in Colorado Springs

There are two primary policies:

Owner’s Policy – Protects the homebuyer.
Lender’s Policy – Required by lenders to protect their financial interest.

Both policies work together to ensure the transaction is safe and secure.

Who Pays for Title Insurance in Colorado Springs?

In Colorado, payment responsibility is negotiated in the purchase contract. Typically:

The seller pays for the Owner’s Policy.
The buyer pays for the Lender’s Policy.

However, this can vary depending on the deal.

Title Insurance Costs in Colorado Springs

Many homeowners ask: “How much does title insurance cost in Colorado Springs?”

The cost is a one-time fee paid at closing and usually ranges from $1,000 to $2,000 for the Owner’s Policy, depending on the purchase price. The lender’s policy is typically a few hundred dollars.

Why Choose Chicago Title Colorado in Colorado Springs?

Jerad Larkin and Chicago Title Colorado provide more than just insurance:

Thorough title searches to uncover hidden issues.
Reliable escrow services to protect funds.
Agent resources like O&E reports and property books.
Educational classes to support agents’ business growth.
National strength with local expertise in Colorado Springs and across the Front Range.

Real-Life Examples

A military family relocating to Colorado Springs avoided a $12,000 lien thanks to Chicago Title’s title search.
A local real estate agent used Chicago Title’s farming data to grow business in the Broadmoor area.
First-time buyers praised the clear explanations of title insurance coverage, giving them confidence at closing.

Conclusion

So, how does title insurance work in Colorado Springs?

It protects against past title issues, ensures clear ownership, and provides peace of mind for both buyers and lenders. With Jerad Larkin and Chicago Title Colorado, you can count on comprehensive protection, smooth closings, and expert guidance in one of Colorado’s busiest housing markets.