Title Insurance Owner’s Coverage is a one-time premium that covers you, as the owner, the entire time you or your heirs own your property.
- A deed executed with a forged signature, which essentially means there was no transfer of ownership to you;
- Unknown heirs of a previous owner who is claiming ownership of the property;
- Mistakes in the public records.
An Owner’s Policy is meant to protect you from title defects that existed prior to the issue date of your policy. If a valid claim is filed against your property, your owner’s policy covers the full cost of any legal defense of your title, in addition to any financial loss up to the face amount of the policy.