About Title Insurance
Infographic on title insurance, outlining the basics and the differences between lenders' and owners' policies.
All About Title Insurance Policies
Main Types Of Title Insurance
-Lender's title insurance
-Owner's title insurance
Lender's Title Insurance
-Protects lender's interests
-Insures mortgage principal
-Single premium payment at closing
-Insurance expires when mortgage paid off
Owner's Title Insurance
-Protects homeowner's interests
-Insures against losses due title problems
-Single premium payment at closing
-Insurance expires when ownership ends
What It Covers
-Title search mistakes
-Errors in public records
-Forged documents
-Undisclosed or missing heirs
-Liens for unpaid taxes
-Claims arising from unprobated wills
-Legal fees to defend against claims