What is an Owner’s title policy?

An Owner’s title policy is a one-time title insurance premium a consumer can choose to pay for at closing. It is the only coverage for the homebuyer should a title problem arise, and it protects them for as long as they or their heirs have an interest in the property. The policy guarantees clear title to the property at the time of purchase. If a lien or title issue is discovered after closing, the policy issuer will cover the costs of the claim, as long as the lien or title issue occurred prior to the closing date.