Seller usually pays for OWNER’S policy.
They would probably need to pay extra at time of origination for a ‘binder’ that would allow the owner’s policy to be transferred with a covered time period. Why would they want to do this ??
If you plan on selling a home within a couple of years, you would want this binder as it will save you money (when YOU sell), but because the seller usually pays for the policy, buyer’s don’t get the binder. (A buyer could offer to pay for the binder)
I don’t think that it is automatically included with a CLTA policy.
**Just another little loophole that very few people are aware of.
