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ANSWERS FOR YOUR QUESTIONS
Frequently asked questions
Find clear answers to the most common legal questions we receive.
1
Are there different types of insurance policies?
Yes. There are two types of policies – a loan policy and an owner’s policy. The loan policy protects the lender’s interest in the property as security for the outstanding balance under the buyer’s investment or equity in the property up to the face amount of the policy.
2
What is the difference between an owner’s policy and a lender’s policy?
Yes. There are two types of policies – a loan policy and an owner’s policy. The loan policy protects the lender’s interest in the property as security for the outstanding balance under the buyer’s investment or equity in the property up to the face amount of the policy.
3
What are pre-closing procedures?
Yes. There are two types of policies – a loan policy and an owner’s policy. The loan policy protects the lender’s interest in the property as security for the outstanding balance under the buyer’s investment or equity in the property up to the face amount of the policy.
4
What is the difference between title insurance and homeowner insurance?
Yes. There are two types of policies – a loan policy and an owner’s policy. The loan policy protects the lender’s interest in the property as security for the outstanding balance under the buyer’s investment or equity in the property up to the face amount of the policy.
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