If you are financing a residence or commercial property, your lender will require you to obtain a Loan Policy of Title Insurance as protection for the lien of the lender’s mortgage. You may also obtain an Owner’s Policy of Title Insurance to protect your ownership of the property from such potential title threats as boundary disputes, errors in your deed, claims by an ex-spouse, and liens from contractors or previous lenders. We certainly recommend that an owner of real property obtain the protection of title insurance.