What is title insurance?

Title insurance protects you from financial loss if someone challenges your ownership. Unlike other insurance protecting against future events, title insurance protects against past issues — undisclosed heirs, forged documents, recording errors, and more. It's a one-time premium that protects your property rights for as long as you own the property.

How much does title insurance cost in Utah?

Title insurance premiums are state-regulated in Utah and based on the sale price. For a typical residential transaction, expect to pay between $500 – $3,500. Prospect Title offers a free rate calculator for instant estimates tailored to your specific transaction.

What's the difference between owner's and lender's title insurance?

Lender's insurance protects the bank's investment and is usually required for financing. Owner's insurance protects YOU and your equity in the property. We strongly recommend both — the owner's policy is a one-time premium that protects you for as long as you own the property.

How long does closing take?

Typical residential closings take 7-60 days from contract to keys. Cash transactions close in less than 72 hours. Commercial transactions may take longer depending on complexity. Prospect Title's experienced team works to ensure smooth, on-time closings.

What do I need to bring to closing?

Valid government-issued photo ID (driver's license or passport), cashier's check or wire transfer receipt for your funds, and any documents your closer specifically requested. We'll send you a detailed checklist before closing day.

Can I do a remote closing?

Yes! Through our Qualia portal, you can review documents, e-sign, and complete much of the process remotely. Some documents may still require in-person notarization depending on your lender's requirements.

Who pays for title insurance in Utah?

This is negotiable and varies by transaction. In Utah, it's common for sellers to pay for the owner's policy and buyers to pay for the lender's policy, but this can be negotiated as part of your purchase contract.

How do I protect myself from wire fraud?

NEVER trust wiring instructions sent via email without verbal verification. Prospect Title will NEVER email you changes to wiring instructions. Always call us directly using a number you already have (not one from an email) to verify before wiring any funds.

Start Closing

What to Expect at Closing

Never closed before? Here's everything you need to know, step by step.

Step 1

Opening the Order

Your agent or lender sends us the order, we assign a closer and begin the process.

Step 2

Title Search

We search public records for liens, easements, judgments, or other issues that could affect ownership.

Step 3

Title Commitment

We issue a commitment — our promise to insure once all conditions are met.

Step 4

Clearing Title

We work to resolve any issues found during the search, ensuring clean title for transfer.

Step 5

Document Preparation

We prepare all closing documents, coordinate with lender, and schedule the closing.

Step 6

Closing Day

Everyone signs, funds are exchanged, and we record the deed with the county.

Step 7

Post-Closing

We disburse funds to all parties and issue your final title insurance policy.

Want a Printable Version?

Download our closing checklist to keep track of everything you need before, during, and after closing.

Download Closing Checklist (PDF)