04/20/2026
This is a common question.
There are two primary types of title insurance policies: an Owner’s Policy and a Lender’s Policy. Lender’s policies are typically required because the policy protects a lender’s financial interest in the property in the event that a title dispute surfaces.
An Owner’s title insurance policy is not required, but it is highly recommended. The Owner’s policy is retrospective in nature and protects the buyer from issues such as a forged deed, unpaid liens on the property, estate conflicts, and even recording errors that can take place in the Recorder of Deeds offices throughout Rhode Island. It is important to note that these issues can still be present even if a proper title search was conducted.
An Owner’s title insurance policy is a one time fee that protects you for as long as you own your home. Therefore, although the Owner’s policy is technically not a “required” item at closing, the policy is critically important for your peace of mind.
