Title Insurance
 

Lender's Title Insurance is required by your lender, up to the amount of the loan. 

Owner's Title Insurance is optional and protects you from loss due to defects in the title as insured forever.  Owner's Title Insurance will protect you against these hidden risks which might not be disclosed by even the most meticulous search of public records:

1.  Forgery

2.  Fraud in connection with the execution.

3.  Undue influence on a grantor or executor.

4.  False personation by those purporting to be owners of the property.

5.  Incorrect representation of marital status of grantors.

6.  Undisclosed or missing heirs.

7.  Wills no properly probated.

8.  Mistaken interpretation of wills and trusts.

9.  Mental incompetence of grantors.

10.  Conveyance by a minor.

11.  Birth of heirs subsequent to the date of a will.

12.  Inadequate surveys.

13.  Incorrect legal descriptions.

14.  Non-delivery of deeds.

15.  Unsatisfied claims not shown on the record.

16.  Deeds executed under expired or false powers of attorney.

17.  Confusion due to similar or identical names.

18.  Dower or courtesy rights of ex-posure, or former owners.

19.  Incorrect indexing.

20.  Clerical errors in recording legal documents.

21.  Delivery of deeds after the death of a grantor.

 

Enhanced Policy

You can save money by getting a standard owner's title insurance policy.
Most companies will quote you the enhanced policy because of the additional protection that it provides you. Here is a comparison--first column is the enhanced, 2nd column is standard, and third column is lender's only.