Types of Policies
Owner policies protect insured parties from covered losses due to improperly vested title, defects, liens and encumbrances.
Lender policies cover losses arising from various covered risks, including the mortgage being unenforceable and not having the priority as stated in the policy.
A leasehold policy offers similar protections as contained in Stewart’s Owner and Lender policies, as they relate to leasehold interests.
A title may have certain known risks that either legally or economically cannot be cured; Stewart has developed policies that insure risk associated with a known title defect.
Gap coverage is a contract of indemnity that provides the lending bank the assurance that its mortgage will be registered in the title registry and that the bank will have the first or priority position during the period between the date of its application and the mortgage registration.
Stewart's Global Advantage Title® (GAT®)
A GAT policy is especially tailored to meet the needs of individuals or companies participating in cross-border real estate transactions; the GAT policy is a contract of indemnity under U.S. law and provides many of the same or similar coverages Americans are used to getting in American transactions.