A one-time-premium policy protecting against defects in a property’s ownership history.
Unlike most insurance, title insurance covers past problems — unpaid liens, forged signatures, missing heirs — discovered after closing. Lender’s title insurance is required; owner’s title insurance is optional but recommended.
Example: A $400,000 home might carry a one-time title premium of roughly $1,000–$2,000.
FAQ
What is Title Insurance in simple terms?
Unlike most insurance, title insurance covers past problems — unpaid liens, forged signatures, missing heirs — discovered after closing. Lender’s title insurance is required; owner’s title insurance is optional but recommended.