The Difference Between Lender's Title Insurance and Owner's Title Insurance
                     The Difference Between Lender's Title Insurance and 
Owner's Title Insurance 
Lender and owner's title insurance are two types of insurance you may encounter when buying 
a property. While both are important, they serve different purposes. Lender's title insurance is 
mandatory for most mortgages, while owner's title insurance is not always required but highly 
recommended. Let's take a closer look at the differences between these two types of 
insurance. 
 
What is Lender's Title Insurance? 
 
As the name suggests, the lender's title insurance protects the lender's interest in the property. 
If any issues with the property's title result in a loss of value, the lender is protected. However, 
the lender's title insurance does not protect the buyer. 
 
What is Owner's Title Insurance? 
On the other hand, the owner's title insurance protects the buyer. If any issues with the 
property's title result in a loss of value, the buyer is protected. However, the owner's title 
insurance does not protect the lender. 
What are the Advantages of Lender's Title Insurance? 
There are a few advantages of a lender's title insurance. First, it protects the lender in case of 
any problems with the property. Second, it is generally required by lenders to get a mortgage. 
This means that you will not be able to get a mortgage without it. 
 
What are the advantages of owner's title insurance? 
 
There are several advantages of owner's title insurance. For one, it protects the buyer if there 
are any problems with the property. Additionally, it can help speed up the buying process, as 
the lender does not have to worry about getting their own title insurance policy. Finally, the 
owner's title insurance can be used to negotiate a lower purchase price on the property, as the 
buyer has more protection against potential problems. 
 
Do I Need Both Owner's Title Insurance and Lender's Title Insurance? 
 
For most people, it is recommended to get both owner's title insurance and lender's title 
insurance. While lenders often require lender's title insurance, it only protects the lender. On 
the other hand, the owner's title insurance protects the buyer. If there are any property 
problems that result in a loss of value, the buyer is protected. This type of insurance can also be 
used to negotiate a lower purchase price on the property, as the buyer has more protection 
against potential problems. 
 
How Main Street Titles Can Help? 
Main Street Titles is a full-service title company that can help you with all your title insurance 
needs. We can help you to understand the difference between lender's title insurance and 
owner's title insurance, and we can provide you with the coverage you need to protect your 
investment.