Title Insurance - Is Lender's & Owner's Coverage Different?

Do I Need an Owner’s Title Insurance Policy?

An Owner’s Title Insurance Policy provides you with peace of mind. It takes the risk out of acquiring property whose legal history is unknown to you. Even the most careful search of public records may not disclose the most dangerous threat: hidden risks.

You don’t want a problem that occurred long before you bought your property to deprive you of ownership or your right to use or dispose of it. And you don’t want to pay the potentially high cost of defending your property rights in court.

Lenders recognize the potential impact of the “hidden risk” factors of any real estate transaction, and require a title insurance policy to protect the amount of money they loan to purchase the property. Likewise, an owner needs to protect their equity in the property.