Title Insurance
Title insurance is a policy that protects the lender and/or the buyer against financial loss resulting from defects in the property's title — such as undisclosed liens, ownership disputes, or recording errors.
There are two types: a lender's title policy (required by the lender) and an owner's title policy (optional but strongly recommended). The lender's policy protects the lender's interest in the property, while the owner's policy protects the buyer's ownership rights.
Title insurance is not the same as homeowners insurance. It covers issues with the legal ownership of the property, not physical damage. A title search is conducted before closing, but title insurance provides protection for issues the search may not uncover.
Why This Matters: Title issues can surface years after closing and threaten your ownership of the property. An owner's title policy is a one-time cost at closing that provides lifetime protection — and it is one of the most overlooked safeguards in real estate.
Want this applied to your situation?
Understanding a term is one thing. Knowing how it affects your loan, your rate, or your closing costs is another. Kara can walk you through exactly how this applies to your file — in plain language, in 30 minutes.
Schedule a Free ConsultationNo obligation. In person, by phone, or on Zoom.
Ready to Take the Next Step?
Clear answers. No pressure. Just a solid plan built around you.
30 minutes. In person, by phone, or on Zoom. No obligation.