We have an owner's policy in the lender's policy. Let's unpack both of those and just speak to what they actually cover. The owner's policy safeguards the buyer against claims made by prior property owners, while the lender's policy ensures that the new lender's mortgage is in the correct position and protected against any prior liens or mortgages. Title insurance also covers legal defense costs in case someone makes a claim on the property, but it doesn't cover the structure or other aspects of the home.