The Washington Post had a pretty good article about title insurance and why home buyers should choose to buy an owner's policy along with the required lender's insurance. Many home buyers believe they are covered by the lender's policy they purchased when closing but the fact is it only covers the lender's money in the property. As you pay on your mortgage the amount covered is lowered. On top of that if your house appreciates the added value is no longer covered. With an owner's policy you are covered for the value of the home.

I also like that the article implies that consumers should shop around for title insurance. They don't explicitly state that you should shop for title insurance but they imply it when they mention asking your title company whether their quote includes both policies. It is important to shop around for title insurance and while doing so it is important to understand exactly what you are getting. To compare prices you need to make sure that each company is providing a quote for the same service and coverage. Make sure you ask if their quote includes an owner's and lender's policy and what additional charges will be included. Make sure you are getting the same full quote from all of the companies you interview.

All in all I think the Washington Post article is a good article about the importance of getting owner's title insurance and also a good reinforcement on the importance of shopping around for title insurance.