Title Insurance for Home Owners

April 1st, 2005

When buying a home with a mortgage, buyers are required by the mortgage lender to obtain a title insurance policy. However, the title insurance which most buyers get is coverage that protects only the lender. If a defect is found in the title, such as a previously-unknown lien, mortgage, or easement, the lender is protected up to the amount of insurance, but the owner is not. The home buyer needs to obtain (at extra cost, to be sure) an owner’s policy that will protect his investment in his new property. A knowledgeable realtor can explain the differences in coverage between various policies.

Entry Filed under: Sacramento real estate, Rocklin, Folsom, Roseville, Sacramento, Rancho Murieta, Lincoln homes for sale, El Dorado Hills, New Subdivisions, Davis, El Dorado, Stockton, Modesto