Title insurance is a form of legal indemnity insurance that protects lenders and homebuyers from financial loss sustained from defects in a title to a property.

 

Title Insurance

A clear title is necessary for any real estate transaction. Investors must do a search on every title in order to check for claims or liens of any kind against them before they can be issued.

 

Title Insurance Coverage

Unlike traditional insurance or transactional liability insurance, which protects against future events, title insurance protects against claims for past occurrences.

 

A basic title insurance policy typically covers the following risks:

• Ownership by another party
• Incorrect signatures on documents, as well as forgery and fraud
• Flawed records
• Restrictive covenants (terms that reduce value or enjoyment), such as unrecorded easements
• Encumbrances or judgments against property

A one-time fee paid for title insurance protects against claims for past occurrences.


As part of our transactional liability risk consulting, we offer the best selection a wide range of underwriting options combining Title and W&I solutions.