Real Estate Title Insurance
Title insurance protects property buyers and mortgage lenders against defects or problems with a title when there is a transfer of property ownership. Home-buyers typically need two title insurance policies:
Owner's Policy
Owner’s title insurance provides protection to the homeowner if someone sues and says they have a claim against the home from before the homeowner purchased it.
Lender's Policy
Lender’s title insurance protects your lender against problems with the title to your property-such as someone with a legal claim against the home. Lender’s title insurance only protects the lender against problems with the title. To protect yourself, you may want to purchase owner’s title insurance.
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