The Real Estate Encyclopedia
What Is The Difference Between A Title Insurance Loan Policy And The Owner’s Policy Of Title Insurance?
Category - Real Estate Information Sources - General Real Estate Information

The title insurance loan policy protects the buyer’s lender from any unforeseen claims against the property title but it does not protect the buyer or new homeowner. The owner’s policy of title insurance is purchased at closing to protect the buyer from any unforeseen claims against the title. 

 

According to ALTA, while most homeowners have a title insurance loan policy protecting their lender, an estimated 40 percent of U.S. homeowners, representing 48.8 million homes, do not have an owner's policy of title insurance to protect their investment.

 
Category(s)
Home Ownership Questions - Home Insurance FAQ's
Home Buying Questions - Buying Legal & Closing FAQ's
Real Estate Information Sources - General Real Estate Information
Home Buying Questions - Insurances & Taxes FAQ's
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