Risk Protection 
Simply stated, a Loan Policy of title insurance only insures the lender’s interest and does not protect the owner of the land.
- Did you know that if you lose title to the land, you may still be responsible for paying the debt due your lender?
- Did you know that if a claim is paid on the Loan Policy, you might need to reimburse the title insurer for the amount paid to the lender?
Consider building equity in your land over the years, only to lose it to a title claim because you didn’t purchase an Owner’s Policy of title insurance.
If you want title insurance protection for your interest in the land, you must buy your own Owner’s Policy.
Policy Coverage
An Owner’s Policy can be purchased for a one-time premium. It protects you for covered matters as long as you own the land or have liability under a title warranty provided when you sell the land.
Your Owner’s Policy covers the cost of defending you if someone sues you over a covered issue.
Covered problems may include:
- Someone else claims to own your land based upon a break in the chain
of title, fraud, forgery, or undue influence over an incapacitated person
- A lien claim on your land could include unpaid real estate taxes, an unpaid mortgage, a judgment lien, or an unpaid condominium or homeowner’s association lien.
- Title issues block your legal right to access your land.
Understand that a title insurance commitment is only an offer for an Owner’s Policy. It is not the actual Owner’s Policy. A title insurance commitment doesn’t offer protection. It only describes the coverage provided in the Owner’s Policy.
Request a review of the title insurance commitment for an Owner’s Policy. Also, ask for a quote on the cost before making your decision.
We believe it makes sense to purchase an Owner’s Policy. Insure your ownership of what could be the largest investment of your lifetime.
Kevin Plotkin, Esq
MANAGING ATTORNEY
Express Title Services, LLC
(954) 541-9888
Provided by an Independent Policy-Issuing Agent of First American Title Insurance Company
First American Title Insurance Company makes no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates.
