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Updated almost 6 years ago on . Most recent reply
Do I need both Buyer's & Seller's Title Insurance
Hello, I'm under contract on a 4 unit apartment building I plan to buy and hold. I'm placing title insurance because I want to be protected and plus the lender requires it. However something new came up today. My title company asked me if I wanted "Buyers" title insurance too. It would run an additional $500 to $1000.
I had not heard of this policy or basically figured title insurance was title insurance. Do you get both or just whats required by the lender.
Most Popular Reply
There is owners and lenders title insurance. Lenders title insurance insures the lender. The owners policy insures you in case of loss or defect.
- Russell Brazil
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