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what is title insurance

Title insurance is a type of insurance that protects the owner of a property against losses that may arise from defects in the title to the property. It is typically required when purchasing a property, as it helps to ensure that the buyer is receiving good title to the property and that there are no outstanding claims or encumbrances on the property.

Title insurance is typically provided by a title insurance company, which will conduct a thorough search of the property’s title history to identify any potential issues. If any issues are found, the title insurance company may work to resolve them before the property is sold, or may provide coverage for losses that may result from the issues.

There are two types of title insurance: owner’s title insurance, which protects the buyer of a property, and lender’s title insurance, which protects the lender in the event that there are defects in the title. It is important to carefully review the terms of a title insurance policy before purchasing it, as it can provide valuable protection against losses that may arise from defects in the title to a property. 

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