Frequently Asked Questions About Real Estate Titles

What is Title Insurance?

It is a form of indemnity insurance predominantly found in the US which insures against financial loss from defects in title to real property and the invalidity or unenforceability of mortgage loans.

What is an Owner's Policy?

This is usually issued in the amount of the real estate purchase. It is purchased for a one-time fee at closing and lasts for as long as you have an interest in the property. The Owner’s Policy is the only thing that protects the buyer should a covered title problem arise.

Why Do I Need Title Insurance?

An Owner's Policy of Title Insurance protects your investment (equity) as the buyer or owner of the property. As the owner, you should want to have the same assurance as to the lender that the investment you have made cannot be lost because of a problem or defect with the title.