What does an owner's policy of title insurance protect?

An owner's policy of title insurance is specifically designed to protect the interests of the property owner regarding their title to real estate. This type of policy ensures that the owner has a clear and uncontested ownership interest in the property, safeguarding against potential title defects or disputes that might arise after the purchase.

These defects could include issues such as unpaid liens, fraudulent claims, or errors in public records. By providing coverage for these potential risks, the owner’s policy helps to ensure that the owner can enjoy and utilize their property without facing legal challenges related to its title. This is crucial in maintaining the owner's investment and rights, making the owner’s policy an essential component of real estate transactions.

In contrast, the other options focus on aspects that do not align with the primary purpose of an owner's policy. For instance, while a lender's policy does protect the lender's interests, it does not provide coverage to the owner directly. Further, the regional title records are part of public documentation and not insured by individual policies. Lastly, while the value of the property is important, the owner's policy specifically protects the title, not merely the property’s value alone.