Definitions for "Owner's title policy"
A title insurance policy that insures the owner against loss due to defects in title not excepted to or excluded from the policy.
An insurance premium charged by the title company to insure the buyer that the title is free from defects up to the date the conveying instrument is recorded. Buyer is the beneficiary. Frequently paid by the seller.
An insurance premium charged by the title company to insure the buyer that the title is free from defects up to the date the conveying instrument is recorded. The seller frequently pays this premium.