Types of title insurance There are two varieties of title insurance, both paid as an upfront charge when you buy a home: a lender’s policy and an owner’s policy.

Owner’s title insurance policies last for as long as the person who holds the policy owns the home. If the owner rents out the home, the policy will remain active.

The American Land Title Association (ALTA) offers an exemplar of this policy under the name Homeowner’s Policy of Title Insurance, which is distinct from the similarly named Owner’s Policy of ...

There are two primary types of title insurance policies: one covers the homeowner, and the other covers the loan. Almost all mortgage lenders require borrowers to purchase a lender’s policy when ...

When paying in cash, you don’t need to buy title insurance to protect a lender, but an owner’s title insurance policy is still highly recommended. If you don’t buy title insurance, you won ...

Depending on the state, the seller might be responsible for purchasing owner’s title insurance. Even though it’s optional, you might decide to purchase a policy for peace of mind.

Based on my experience as a real estate lawyer, I would never purchase a property without getting an owners title insurance policy. Board-certified real estate lawyer Gary Singer writes about ...

Title insurance is different than other types of insurance which insure future risks. Title insurance primarily looks to the past, but it does much more than that.

What does title insurance cost? Not much, according to buyers. Their charge for the portion of the coverage protecting the lender’s interest is in the $200 to $400 range depending on the types ...

Cost of Leasehold Title Insurance Determining the appropriate insurance coverage for a leasehold policy can be more challenging than with an owner's policy.

Also, title insurance guarantees the title company will pay to rectify the situation if it turns out its search missed something the policy covers. The risks property owners and lenders face aren ...