What is the title insurance?
Title insurance is protection that ensures that you are the
proper owner of the property and that if someone comes forward with
a valid claim to a portion of your property, the title insurance
company may have to pay that person the value of the claim. In
buying real estate you have to make sure that the seller truly owns
the property in full with no defects in title. The title insurance
company reviews the land records to make sure of this. If the
company states that the owner is the full owner, it backs its
opinion with title insurance. Some title defects might not be
covered though, but the lawyer helping the buyer will make sure
that it is safe to buy the property.