In order to insure that you have a clear title to the property you are purchasing for example a home in Jacksonville Fl, homebuyers should purchase title insurance. If any issues occur later on, you can always go back to the title insurance company and have them clear it up. Since it is customary for the seller of a Jacksonville home to pay for the owner’s policy, you should have an interest in which company is used. You are going to have to pay a fee to the title insurance company too. The lender’s policy insures your mortgage lender that there are no liens or judgments against the property. It also insures that the mortgage will be in first position. Basically, if you decided to sell the property or refinance it, their mortgage gets paid first, before any other claims against the property. The owner’s policy is more expensive than the lender’s policy.