Why do you need Title Insurance Policy?

August 5th, 2013

If you finance your new home, your lender requires that a Lenders Title Insurance Policy to be purchased; however, a Lenders Title Insurance Policy only protects the lender. An Owners Policy of title insurance fully protects you, the homeowner, from problems that are not uncovered during a title search, and pays for any legal fees involved in defending a claim against your title to the property. For a one-time premium fee, an Owners Policy provides this coverage for as long as you or your heirs own the home.