The Mortgage / Loan Policies The loan (mortgage) policy has an additional four clauses to the ones noted above, but lenders usually have a good idea of what coverage they are receiving under their policy, so description of additional coverage will not be discussed in this publication.

For many of us, buying a home is the biggest single investment we'll ever make. Most of us wouldn't even think of questioning the need to purchase homeowners insurance (sometimes referred to hazard insurance) to cover our investment against hazards such as fire, theft and weather damage, etc. But, in protecting our real estate investment against title defects, many of us don't really know what title insurance is or why we need it.