What is Title Insurance?

Title Insurance is a type of protection that safeguards you from potential issues with the ownership title when you purchase real estate. These issues could be pre-existing, like unpaid property taxes, fraud or forgery of previous paperwork, or a spouse or unknown heir claiming ownership of the property.

couple signing a contract with agent at desk
eagle illustration in blue with stars symbolizing completeness or being all-inclusive

What is Title Insurance and Why is it Important?

Title insurance is essential for anyone involved in a real estate transaction, as it protects against the risks of title defects. Imagine purchasing your dream home, only to discover that the previous owner had unpaid property taxes. Without title insurance, you would be solely responsible for paying these back taxes. However, with title insurance, you are protected for as long as you own or have an interest in the property. Lenders title insurance also benefits as it provides coverage for unrecorded liens, access rights, and other defects that may affect the property.

How Title Insurance Protects You

Every real estate purchaser must rely upon one of the following as evidence he or she has title to property: abstract, certificate, attorney’s opinion, or title insurance.

A man points at a computer screen with a pen while a woman watches

Top 30 Reasons to Have Title Insurance

It’s crucial to protect your home. We provide examples of why you need both Owner’s Title Insurance Policy and Mortgage Title Insurance Policy, often required by lenders.

Need Additional Help?

Be sure and visit our Tools & Resources Center to find valuable information on fees and take advantage of our Closing Cost Calculator.

A woman providing closing service points at a paper in front of 2 other people