{"id":369448,"date":"2016-04-04T10:47:27","date_gmt":"2016-04-04T15:47:27","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/realestate\/owning-a-home\/what-is-the-difference-between-an-owners-policy-and-a-mortgagee-p.html"},"modified":"2023-12-09T15:55:13","modified_gmt":"2023-12-09T20:55:13","slug":"what-is-the-difference-between-an-owners-policy-and-a-mortgagee-p","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/realestate\/owning-a-home\/what-is-the-difference-between-an-owners-policy-and-a-mortgagee-p.html","title":{"rendered":"What Is the Difference Between an Owner’s Policy and a Mortgagee Policy?"},"content":{"rendered":"\n
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What Is the Difference Between an Owner's Policy and a Mortgagee Policy?<\/h1>\n
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\n By Robert Rafii, Esq.<\/a> | Legally reviewed by Aisha Success, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

During a home purchase, ensuring peace of mind is an important part of the real estate transaction. It’s advisable, and often required, to also obtain title insurance<\/a> for the new home. Title insurance protects either the new owner or the mortgage lender. It safeguards against title problems in cases where a dispute arises about who holds legal title to the property.<\/p>\r\n

Should it later be proven that the title passed to the owner was invalid, title insurance will cover the cost of the property. Essentially, this policy protects you against unforeseen legal actions involving title issues. There are different types of title insurance policies<\/a>:<\/p>\r\n