What is Title Insurance?
Title insurance is an agreement which obligates a title insurer to indemnify a property owner against loss or damage arising out of defects in title to real property. Defects in title include liens or encumbrances on property or other matters affecting title to property or the right of a property owner to use or enjoy his or her property. In a lawsuit challenging a person’s ownership interest in property, the title insurer will provide a legal defense to the policy holder (i.e., property owner) and pay any claims or judgments up to the face amount of the policy…