Question: What is the difference between "owners" and "lenders" title insurance?

Answer: "Lender's" coverage is required by, well, lenders. It protects lenders against title defects up the value of the outstanding loan amount -- less and less each year.

"Owner's" coverage protects against title defects up to the amount owed to the lender, plus the value of the owner's equity. Some policies go further and increase in value with inflation. Ask your closing source for information.

Is owner's title insurance coverage a good idea? It is a one-time cost, and while it is likely to never be needed, if you do need it you will be elated to have it in place.