Lenders Policy
The Lender's Policy is based on the dollar amount of your loan. It only protects the lender's interest in the property should a problem with title arise. It does not protect the Buyer. If there is a mortgage involved in the transaction the Lender will likely require that the Buyer pay for the Lender's Policy as part of the promise to lend the money. Loan policies remain in effect until you repay the loan in full.
