There are two main types of title insurance policies: a lender’s policy and an owner’s policy. A lender’s policy is typically required for a mortgage, it financially covers the amount of the loan and provides protection to the lender. An owner’s policy protects the landowner against a title loss, which ensures the value of the property. With owner’s title insurance, if a claim is made against the title, the underwriter must pay any and all costs associated with defense against the challenge. If unsuccessful in that defense, the underwriter reimburses the landowner for any reduction in the value of the land.