If Financing: In British Columbia, Mortgage Lenders require us to purchase a Title Insurance policy to cover the lender for title fraud, encroachment issues, etc. The lender policy does not cover the homeowner, however, the buyer is required to pay for the lender policy (~$124). For an additional fee of ~$75, we can add a homeowner policy for you. This Insurance premium is a one-time fee and usually total for both lender and homeowner comes to at most, $200.