Title insurance protects property owners and lenders against potential property loss or damage they might experience due to liens, encumbrances, or defects in the title to the property.
Whereas car, health, or life insurance protects against future events, a title insurance policy insures against events that occurred in the past. Additionally, unlike the recurring cost of other types of insurance, title insurance is paid for with a one-time premium at closing.
Common things that title insurance protects against include forgery, mistakes in examining records, undisclosed heirs and errors or omissions in Deeds.
If you have any questions about title insurance, our attorneys are happy to take time and discuss them with you.