A loan policy, specifically in the context of title insurance, is a crucial requirement when obtaining a new mortgage. It is issued at the time of closing and serves to protect the lender against potential title defects or issues that might arise, up to the insured amount. This includes problems like liens, encumbrances, or legal claims that were not identified during the initial title search.

At Touchstone, we ensure that this loan policy is arranged for you as part of the closing process. The policy provides coverage for the lender for the duration of your mortgage loan, safeguarding their interest in your property until the loan is fully paid off or refinanced.