Title Insurance
Profile: Title Insurance
When purchasing a home or other real estate, you actually don't receive the land itself. What you acquire is title to the property - which may be limited by rights and claims asserted by others.
Problems with title can limit your use and enjoyment of real estate, as well as bring financial loss. Title trouble also can threaten the security interest your mortgage lender holds in the property.
Protection against hazards of title is available through a unique coverage known as title insurance. Unlike other kinds of insurance that focus on possible future events and charge an annual premium, title insurance is purchased for a one-time payment and is a safeguard against loss arising from hazards and defects already existing in the title.