Title Insurance Policy
Before issuing a title policy, a careful search is made of the county, state and federal records that affect real estate. This is accomplished by using the Edwards’ plant, which maintains or has access to references of every deed, mortgage, death, divorce, etc., that might affect property. There are two main types of insurance:
- Owners Title Policy — Insures against loss to the owner of the property.
- Loan Policy — Insures the holder of a mortgage that this mortgage is a lien (claim) on the property.