WHAT IS TITLE INSURANCE?

Title Insurance protects the insured from losses as the result of claims on one’s ownership of land. If the title is insurable, the company guarantees the owner or lender against loss due to any defect in title and will compensate for any valid claims as well as pay for legal fees to defend the title. This is probably one of the most comforting features of Title Insurance.  The issuance of title insurance is not merely guess work, nor is it a wager. It is based upon careful examination of the official records of property titles, and the judgmental decisions made by skilled title examiners.