What Is Title Insurance?

What it is and why you need it.

If you’ve purchased a home, you were likely issued a title policy but do you know what that policy covers?

Title insurance is different than most other types of insurance you are familiar with. A typical insurance policy (auto insurance, home insurance etc.) covers things that could happen in the future, whereas a title insurance policy will cover unknown events or circumstances that may have happened in the past or are just coming to light now. In other words, title insurance protects your rights to the property.

Title insurance covers such things as:

  • Liens Against the Property
  • Easements
  • Building Use or Restrictions
  • Claims Arising out of Bankruptcy