An Owner’s Title Policy (also known as Owner’s Title Insurance) protects against events that may occur as a result of items that are not disclosed in public records. Commonly found items may include but are not limited to undisclosed heirs, errors or omissions in deeds, forgery or mistakes in examining records. The Owner’s Title Policy is good for the duration of ownership for the purchaser and their heirs and is purchased for a one-time fee charged at the time of closing. Customary practices vary throughout the US on who bears the cost for the Owner’s Title Policy. The issuance of an Owner’s Title Policy is not a routine aspect of the closing process.
