what are the types of title insurance 
there are two types of title insurance lender s title insurance and owner s title insurance including extended policies almost all lenders require the borrower to purchase a lender s title insurance policy to protect the lender in the event that the seller was not legally able to transfer the title of ownership rights a lender s policy only protects the lender against loss since title searches are not infallible and the owner remains at risk of financial loss there is a need for additional protection in the form of an owner s title insurance policy owner s title insurance often purchased by the seller to protect the buyer against defects in the title is optional 