The CLTA Standard Coverage Policy is designed to insure the owner of real property and/or the lender under a deed of trust against loss by reason of those matters covered under the policy of insurance.

Title insurance insures that your title is good both on and off the record, is not limited to the 50 year period required to be searched by the attorney, and protects against fraud and forgeries within the record. The bank will require that the buyer purchase title insurance from an approved title insurance company to insure its mortgage. This is known as Lender’s Title Insurance. The buyer must pay the premium even though the policy only benefits the bank. See similar questions...