Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are There Different Types of Title Policies?

April 26, 2017different policies title types

0

Posted

Are There Different Types of Title Policies?

1 Answer

0

Posted

Yes, the most common are: • Owners Enhanced Policies. This is the policy the buyer of a home or condominium will want. See our About Title Insurance page for details regarding coverage. It is only slightly higher in premium (usually 10%) than an “ordinary” Owner’s Policy. • Loan Policy. This protects the lender’s interest only. A discount is provided when both Owner’s and Loan Policies are issued simultaneously. • Leasehold Policy. This protects a tenant’s interest in property. It is most often used for commercial properties.