What is Title Insurance?

Title insurance is an indemnity policy that insures against loss resulting from defects of title to real property that result in a challenge to your ownership, unknown liens, encumbrances or other defects, unmarketable title, as well as from the invalidity or unenforceability of mortgage liens depending on the type of policy being purchased.  Unlike other insurances, it is purchased by a one-time premium payment paid at closing. It differs from other insurance in that rather than protecting against a potential future event it insures against events that occurred in the past of the real property and people who owned it.