Real Estate News From Around The World February 9, 2012

Contrast "Owners" And "Lenders" Title Insurance? 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. Written by Peter G. Miller. © 1997 Peter G. Miller. All Rights Reserved. Rules, Disclaimers & Notices. Click here for a printer-friendly version of this article. Click here to translate this page to another language. Copyright © 2012 Realty Times. All Rights Reserved. Send Us Your Comments