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I was wondering: if I refinance my home, will I need a new owner's title insurance, or will the previous title insurance still be valid?

I suppose the new lender will require new lender's title insurance, but my owner's title insurance should still be valid. I have standard (non-enhanced) title insurance.

Chris W. Rea
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puzzled
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1 Answers1

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per one of the title insurance company

If you're considering refinancing your mortgage, you may be surprised to see that you are required to purchase a new lender's policy of title insurance. This is because a lender's policy only provides coverage for the life of a loan. When a home is refinanced, the life of one loan ends and another begins. Thus, a new lender's policy for title is required. Because an owner's policy provides coverage, generally for as long as you or your heirs hold an interest in the property, there is no need to purchase a new owner's policy when refinancing.

puzzled
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