Title insurance is a form of insurance that protects a property owner from financial loss caused by defects in title to a property. (Photo: Tim Boyle/Bloomberg News)
Most people have title insurance on their property but some may be unfamiliar with the concept, protections or limitations of title insurance. Title insurance is a form of insurance that protects a property owner from financial loss caused by defects in title to a property.
When property is purchased or financed, and sometimes even when property is leased or other property rights are acquired, it's advisable to obtain title insurance to protect the rights associated with the property.
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