How long does a standard owner's title insurance policy last?

A standard owner's title insurance policy provides coverage for as long as the owner or their heirs maintain an interest in the property. This characteristic distinguishes title insurance from other types of insurance, as it ensures that the policy remains in effect throughout the duration of ownership, not limited to a specific term or until other actions, such as property sale or mortgage periods, occur.

This permanence is crucial because title insurance protects against various title issues that may arise, including claims of ownership, liens, or other encumbrances. Even if the property is passed down to heirs, they would continue to enjoy the protection offered by the policy, safeguarding their interest against unforeseen legal challenges related to the title.

Understanding this principle is vital for anyone in the field of real estate or title insurance, as it emphasizes the continued importance of having title insurance as part of property ownership.