owner's policy

Definition

In title insurance, this is the part of the policy that protects the borrower in the event something were to go wrong with the title, such as a lien that was missed in the title search. This policy is designed to protect the borrower against losses of this type.

Use owner's policy in a sentence

It was the owner's policy that prevented us from doing what we wanted to do in the company on a day to day basis.

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We drank our morning coffee and double checked the owner's policy just to make sure everything was in order before we went ahead and signed anything.

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When my brother decided to buy a house in Las Vegas, his mortgage company arranged to acquire an owner's policy to protect him in the event of a problem with the title.

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owner's equity owner's title insurance