An Owner’s Title Policy is generally issued in the amount of the purchase price of the property. Coverages insure ownership of the property under the present owner for as long as they own the property. For both types of insurance policies, a one-time premium is paid when the policy is issued, and no additional payments are necessary to maintain the coverage. “A title insurance policy has a one-time premium and provides coverage for as long as the policyholder or their heirs own the property”

The Owner’s Title Insurance Policy covers the buyer both legally and financially and insures you will not be liable for any title flaw that arose from the property’s history before you purchased it.  The Owner’s Title Insurance Policy will stay in effect as long as you or your heirs own the property. FTIC will be there to pay valid claims and cover the costs of defending any attack on your title, now or in the future