Does the loan title insurance policy protect me?

When you buy a new property, we recommend you buy title insurance. There are two types:

An owner policy protects you against errors, omissions, and other problems that a title search doesn’t unearth. If someone challenges your right to the property, title insurance protects you. It covers you as long as you or one of your heirs owns the home.

Many mortgage lenders will also require you buy a lender’s policy to protect its interest in the property. You buy this insurance, and the cost is based on the amount of your loan. The lender’s policy does not give any coverage to you, the buyer. It protects the lender only and lasts as long as the mortgage is owed.