What is an owner's title insurance policy?

Question

Accepted Answer

It is the insurance policy that protects your ownership of the tract against title problems that come from before your purchase. The title company reviews the title before closing and then issues the policy in your name; you receive it on closing day along with your Warranty Deed, the survey and the closing statement. Its cost is included in the approximately $1,500 of closing costs, which also cover the title company fees, document preparation and county recording.