Unlike other insurance premiums, title insurance premiums are a one-time fee without any future premiums.  Title insurance is only available for purchase at the time of closing. A buyer will not have the option to purchase title insurance after owning the property. The policy covers the insureds for the entirety of property ownership. The amount of the title insurance premium is determined by the Department of Insurance.  The amount of the premium should be consistent regardless of the attorney conducting the closing.