How Important is Buyer's Title Insurance? Buyer's Title Insurance, also known as an Owner's Policy or Fee Policy, protects the new owner of the property from the "history" of the property during the duration of their ownership, whether it be 1 year or 100 years. Since title insurance is underwritten "at the table" by the agency, it is the least likely type of insurance to receive a claim. The new owner is protected against previous mortgages, owners, judgments, etc. that are of public record prior to the purchase of the property. The low one-time fee over the lifetime of ownership is well worth the investment for peace of mind, since real estate is usually the largest single investment a person makes in their lifetime. Plus, in most states, there is a reduced rate at the time of purchase for simultaneously issuing both the Owner's Policy and the Mortgage Policy."

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