Title insurance is a type of insurance that protects the owner of a piece of property from any financial loss due to problems with the title. This can include issues such as mistakes in the title, liens or encumbrances that were not disclosed, or disputes over ownership. Title insurance is usually required by lenders when a property is financed, and it can also be purchased by the property owner for added protection. It provides peace of mind to the property owner, knowing that they are protected from any potential issues that may arise with the title. Title insurance is a one-time premium and it protects the policyholder for as long as they own the property.
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What does title insurance mean?
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