Title insurance is not as well understood as other types of home insurance, but it is just as important. When purchasing a home, instead of purchasing the actual building or land, you are really purchasing the title to the property – the right to occupy and use the space. The title could, however, have claims against it by other individuals, which could impinge upon your use and enjoyment of the property and even bring financial loss. Title insurance protects against these types of title claims.

Homeowner’s insurance protects your home from possible future events and incurs an annual premium. On the other hand, title insurance protects against loss from hazards and defects that already exist in the title and is purchased with a one-time premium.

Learn More:

• What is Title Insurance?
  
• Two Types of Title Insurance
  
• Title Insurance Coverage
  
• Hidden Title Hazards