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Closing Process

Title Insurance Explained

Owner's vs lender's policies — what each covers.

5 min readBy NexGen Capital Corp · NMLS 1766649Updated 2026Closing Process

Short answer

Owner's vs lender's policies — what each covers.

Lender's title insurance protects the lender; owner's title insurance protects your equity in the home. Florida uses a promulgated rate structure.

Two policies

Lender's title insurance protects the lender; owner's title insurance protects your equity in the home. Florida uses a promulgated rate structure.

What it covers

Undiscovered liens, forged deeds, missing heirs, and other title defects that predate your ownership.

Key takeaways

  • Owner's title is a one-time premium worth having.

Frequently asked questions

Related mortgage option

Ready to apply this to a real loan? Review how Conventional Loans work in Florida, or estimate your monthly payment before you talk to an advisor.

Sources

Program rules change and individual lender overlays apply. Verify specifics with the agency or with a licensed NexGen Capital advisor before relying on them.

Reviewed by NexGen Capital Corp

Written and reviewed by the licensed mortgage team at NexGen Capital Corp, a Florida mortgage brokerage (NMLS #1766649). Verify our license on NMLS Consumer Access.

Last reviewed: 2026

This article is educational and is not a commitment to lend or an offer of credit. Speak with a licensed NexGen advisor about your own situation.

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