THE SELLER OF THE PROPERTY I WANT TO PURCHASE HAS AN OWNERS TITLE INSURANCE POLICY. WHY DOES ANOTHER ONE NEED TO BE ISSUED?

The Owners Title Insurance Policy only protects the stated insured on the policy.  That policy or protection does not pass to anyone else or any future owners of the property.  The seller could also, in a very short time, do many things to encumber the title. For example, he could grant easements or construct improvements that encroach on adjacent property. He could get married or divorced, or have a lien filed against the property. It is necessary to conduct an up-to-date title search to uncover any such problems and to issue a new policy protecting you, the buyer as the insured.