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What is title insurance, and do homebuyers need it?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. Protects the lender from liability, usually for the ...
To protect your own financial investment in your home, you'll need to buy a separate owner's title insurance policy. Just as homeowners insurance protects you financially if your home is ...
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Real estate Q&A: Why do I need two types of title insurance?Under this type of policy, if there is a problem with the property’s title, the lender will get a check to cover the loss. Unfortunately, this leaves the owner in the lurch because while the ...
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