Types of Policies

For the average property owners, there are two different types of title insurance policies that you need to be aware of:

Since most property owners mortgage or borrow money at the time of purchase or during ownership, the lender can be expected to request protection of its investment against loss. Lenders know that man things are incurred while defending and attack. They insist upon a Mortgagee's Title Insurance Policy to protect their stockholder's and investors' investment in your property. An Owner's Title Insurance Policy protects your investment (equity) as the buyer or owner of the property. As the owner, you should want to have the same assurance as the lender that the investment you have made cannot be lost because of a problem or defect with the title.

The title company will for any actual loss if someone claims an interest in your property and will defend your title in court because:

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