Does the title insurance premium cover the fee for searching the title?
No. However, in some areas a “package rate” is charged which includes the attorney’s or abstracter’s search fee and the title insurance premium. The entire “package rate” is referred to as “title insurance.” It is well to remember that if a title search fee is not shown as such on your closing statement, the “title insurance” charge probably will include the search fee plus the title insurance premium.
