Lender’s title insurance protects the lender’s interest in your property until your loan is paid off or refinanced. Lender’s title insurance is required by lenders and the premium is paid at the closing.
What Is Owner’s Title Insurance?
Owner’s Title Insurance protects an owner from defects in title existing at the time of closing that are not discovered through title examination. If you are purchasing a home,we highly recommend that you obtain owner’s title insurance.