What is Title Insurance?

Title insurance may be purchased for both the buyer and the lender, if there is a lender involved.  The lender’s title insurance policy will protect the lender from any defects in the title up to the amount financed by the lender.  The owner’s title insurance policy will protect the owner of the property from any flaws that may be present in the title.  The insurance policy will be in effect as long as the individual owns the property.  It covers events and circumstances that occurred in the past, even before the individual took title to the property.