Your Title Insurance
An owners policy protects none other than you, the owner. A title insurance owner policy is a one-time fee protection for as long as you or your heirs own the insured interest in the property. An owners interest is not covered under a lenders policy.
A purchaser's policy is issued to purchases of real estate under a Contract for Deed.
A lenders policy protects the lender from any loss due to unknown title defects and other certain matters which may exist but not be known at the time of sale. Lenders want to protect their investment, so they will purchase the lenders policy as a standard part of the loan process. This lenders policy does not protect the owner’s interest in the property.
A leasehold policy insures the owner of the leasehold estate and provides similar coverage to an owners policy. The leasehold policy delivers a definition of a "leasehold estate" and the method regarding valuation of the leasehold estate for claims purposes.