Owner’s Title Insurance

When considering title insurance, it can be confusing as to what is required and what is optional.  Many times when one is beginning the mortgage process, it can become puzzling as to what certain insurances are, and what exactly they are protecting.  This can be especially true when it comes to title insurance.  There are two different types of title insurance policies; lenders and owners.  A lenders policy protects the lender in the event of title defects, while an owner’s policy protects the new homeowner from liens owed by the previous owner.  Today, I am going to discuss the owner’s policy.

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