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Intended to secure a proprietor’s or loan specialist’s money related enthusiasm for genuine property against misfortune because of title deformities, liens or different issues. Instant organization
PURCHASE / SALE
Owner’s Title Insurance is usually issued for the amount of the real estate purchase. You pay a one time fee at closing and lasts as long as you or your heirs have an interest in the property. This may be even after you sold the property.
When you refinance your home your lender will require a new Loan Policy on your new mortgage to protect their investment in the property. You will not need a new Owner’s policy.