Homeowner's Insurance
This insurance covers replacement costs for damages caused by fire, wind or other disaster that might affect the value of the property. Typically, the insurance also includes personal liability and theft coverage.

Flood Insurance
Additional hazard insurance coverage that is required for homes located in a designated flood zone as established by the Federal Emergency Management Agency (FEMA). CML Lending will let you know if the property resides in a hazard zone.

Title Insurance
This policy protects both the buyer and lender by insuring a clear chain of title. (In other words, it insures that that the person who sells the house has the legal right to do so.)