Title Insurance

Title insurance is an insurance policy that protects property owners and lenders against financial loss from title defects that were not discovered during the title search. According to the National Association of Insurance Commissioners, title insurance covers past title problems (defects) that aren’t known until after you buy a property. Common defects include forged or incorrectly filed deeds, unknown liens, encroachments, and fraud. There are two main types: an owner’s policy, which protects the buyer’s equity up to the purchase price for as long as they own the property, and a lender’s policy, which protects the lender’s interest for the life of the loan. Title insurance is purchased as a one‑time premium at closing and provides peace of mind that hidden issues will not result in costly legal battles.