All About Title Insurance

What title insurance protects, and the difference between the two policies you may hear about at closing.

Why title insurance matters

Title insurance protects against problems in a property’s ownership history that existed before you bought — issues a search may not reveal. Unlike other insurance, you pay once, at closing.

Owner’s policy

Protects you, the buyer, for as long as you (or your heirs) own the property. It’s optional in Ohio but strongly recommended, because typically the seller pays half as good faith. With an owner's policy, the lender's policy is a flat $150.00 rather than $400 per thousand, thus making insurance cheaper AND you have coverage.

Lender’s (loan) policy

Protects the lender’s interest up to the loan amount. Most lenders require it, and it does not protect your equity — only the loan.

Risks a policy can cover

Undisclosed liens or unpaid taxes

Errors or omissions in the public record

Forgery or fraud in the chain of title

Undisclosed heirs claiming ownership

Boundary or easement disputes

Many other title issues

Ready to get started?

Open a file or get an estimate — it only takes a minute.

Diamond Title Company
4030 State Route 43, Suite 201
Kent, OH 44240

Related resources

Get Started Today

Questions about your closing? Reach the Diamond Title team Monday through Friday, 8:30am–5:00pm ET.