There certainly are. First there is the owner's policy,
which the home purchaser needs for his or her protection. Then, there
is the mortgagee's policy, which protects only the mortgage/money lender.
Most financial institutions lending mortgage money on a wide scale insist
upon mortgagee title policies for their protection. Then there is a leasehold
policy used primarily by commercial and industrial organizations that
rent property on long-term leases.