Title What is Title Insurance?

Title Insurance from Investopedia

• Title insurance protects lenders and buyers from financial loss due to defects in a title to a property.
• The most common claims filed against a title are back taxes, liens, and conflicting wills.
• A one-time fee paid for title insurance covers pricey administrative fees for deep searches of title data to protect against claims for past occurrences.
• Any real estate transactions must have a clear title to ensure that the property is free from liens.
• A title insurance policy will cover numerous risks like flawed records, incorrect ownership, and falsified documents.