Since 1981 when I first started handling closings, I have always disclosed with the full amount of the mortgage policy and with the additional premium for the owners.  The fact is the procedure varies from jurisdiction to jurisdiction, and should not have been altered.  I doubt anyone really misunderstood the premiums, or if they did, then I would be surprised they did not have this explained to them prior to the closing.  In Louisiana we do have a requirement of disclosing to the SFR1-4 buyer the fact that owner's is available, the price of basic and enhanced coverage with or without a mortgage, a cumbersome process, yet it give the title agent a reason to discuss this with the buyer.  Actually I along with most other title companies in our area, sell 90-95% owners policies at all closings, residential or commercial.  Education of the real estate licensees has helped them to understand the liability issues, and the cost savings of a few hundred dollars at closing versus attorney fees just to meet and discuss a potential claim.

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