OWNER’S POLICY

OWNER’S POLICY

owner’s policy. Real estate. A title-insurance policy covering the owner’s title as well as the mortgagee’s interest. Cf. MORTGAGEE POLICY. [Cases: Insurance 2610; Mortgages 201. C.J.S. Insurance ¡ì¡ì 57, 1061, 1232¨C1235, 1237; Mortgages ¡ì¡ì 311¨C314.]
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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.