Fees for title insurance policies are often the largest component of the closing costs for home buyers. A standard policy protects the insured against one of the many title problems that can hinder the transfer of a property. A one-time premium safeguards the property up to the amount of the policy and provides defense costs unless specifically excluded. Many home buyers are confused about the difference between a lender's policy and an owner's policy. A lender's title policy will only cover the lender for the amount that is at risk for the lender, generally not the actual full … (2 comments)
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