EVERYTHING CONSUMERS NEED TO KNOW ABOUT
Title insurance is purchased as a one-time premium paid at closing. It differs from other insurance in that rather than protecting against a potential future event it insures against those that occurred in the past of the real property and people who owned it.
This indemnity policy insures against loss resulting from defects of title to real property that result in a challenge to your ownership. This may include, unknown liens, encumbrances or other defects, unmarketable title, as well as from the invalidity or unenforceability of mortgage liens depending on the type of policy being purchased.