Title Insurance

Owners Policy

An owners policy protects none other than you, the owner. A title insurance owner policy is a one-time fee protection against future claims on your property for as long as you or your heirs own the insured interest in the property. An owners interest is not covered with the purchase of a lenders policy.

Lenders Policy

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 lender policy as a standard part of the loan process. This lender policy does not protect the owner’s interest in the property.

Construction Loan Policy

A construction loan policy covers the lender providing the financing during the period of time of construction. Rather similar to the lenders policy, the construction loan policy does not provide for "any lien or right to a lien imposed by the law for service, labor or material, heretofore or hereafter furnished, except for any lien the assertion of which by a claimant is recorded in the public records at Date of Policy".

Leasehold Policy

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.

For More Information Contact:

WILLIAM E. CLARK TITLE COMPANY