Title insurance provides coverage for certain losses due to defects in the title that, for the most part, occurred prior to your ownership. Title insurance protects against defects such as prior fraud or forgery that might go undetected until after closing and possibly jeopardize your ownership and investment.
Title insurance insures Buyers against the risk that they did not acquire marketable title from the Seller. It is primarily designed to reduce risk or loss cause by defects in title from the past. A Loan Policy of Title Insurance protects the investment of the mortgage lender, while an Owner’s Policy protects the equity of you, the Buyer, for as long as you or your heirs (in certain policies) own the real property.