Owners’ Title Insurance Policies

About Title Insurances | Owners' Policies | Lenders' Policies

When buying a home, be sure the person
selling it to you has the right to sell it to you.

if other parties can establish that they have a legitimate claim on your new property, they can make demands on you as the owner, or even take the property outright. An owner's title insurance policy is designed to protect you from title defects that existed prior to the issue date of the policy.  You’re covered up to the face amount of the policy for a financial loss as well as for the cost of your legal defense.

Unlike other forms of insurance, where you have to make periodic payments to maintain coverage, you make a one-time payment for owner’s title insurance.  The amount of the policy is generally equivalent to the total value of the policy.  Coverage in force for as long as you and your heirs own the property.

You are not required to take out an owner’s title insurance policy, but many homebuyers want the protection.  However, your mortgage lender will require that you take out lender’s title insurance.