What's the difference between owner's and lender's title insurance?

What's the difference between owner's and lender's title insurance?: An owner's policy protects your rights to a property in the event of a loss due to defects, liens or encumbrances that affect title to the property. A lender's policy insures the bank or other financial institution that is making your mortgage loan for the total amount of the loan.; Note: Most lenders require title insurance.; [Back]