How long does title insurance coverage last?

Title insurance coverage can last the length of time you own a home or until you have paid off a portion of the original purchase price. Most lenders allow you to cancel your mortgage insurance if you have paid off 20 percent of the home's value. You may be able to cancel your title insurance as well, but this is up to your individual lender. It may also be in your best interest to retain title insurance for a longer time. If there is a dispute in your title, you will not be excused from repaying your mortgage company, so the relatively low cost of title insurance can be well worth this protection.