Lender’s Title Insurance vs. Owner’s Title Insurance: What’s the Difference?

When purchasing a property, it is important to understand the different types of title insurance available and what each one covers. Lender’s title insurance and owner’s title insurance are two of the most common types. Lender’s title insurance is optional, but owner’s title insurance is required in most cases. In this blog post, we will discuss the differences between lender’s title insurance and owner’s title insurance.

Lender’s title insurance is insurance that protects the lender in the event that there are any problems with the property title. This type of insurance is optional, but it is often required by lenders. Lender’s title insurance does not protect the buyer of the property.

Owner’s title insurance is insurance that protects the buyer of the property in the event that there are any problems with the property title. This type of insurance is required in most cases. Owner’s title insurance does not protect the lender.

So, what’s the difference between lender’s title insurance and owner’s title insurance? Lender’s title insurance protects the lender, while owner’s title insurance protects the buyer. Lender’s title insurance is optional, but owner’s title insurance is required in most cases.

If you have any questions about lender’s title insurance or owner’s title insurance, please contact Fleet Title today. We will be able to help you understand the differences between these two types of insurance and which one is right for you.

Licensed Florida attorneys founded Fleet Title to bring high-quality, fast, and efficient title services to the residential and commercial real estate markets throughout Florida. Our attorneys have closed real estate transactions for over 25 years. At Fleet Title, you will benefit from our experienced attorneys at the cost of a title agent. To learn more about the services offered in Vero Beach, visit fleettitle.com, call (772) 224-3338, or email them at info@fleettitle.com.