The Lender

When you buy property, you are commonly required to buy title insurance. This covers the outstanding balance on the mortgage for the lender, but does not protect you.

The Buyer

When purchasing a piece of property, whether by cash or loan, it's a good idea to buy your own title insurance policy. It will give you peace of mind and maximum protection in case there's a claim against the property that you may be held responsible for in the future..