What Is Title Insurance and Why Is It Important?
- By Jim Blackburn
- on
- 100 first time home buyer FAQs
1. Title Insurance Covers Hidden Risks in a Home’s History
When you buy a home, you’re not just buying the walls and roof—you’re also taking ownership of the property’s legal history. Title insurance protects you and your lender from:
- Undiscovered liens from past owners
- Ownership disputes or missing heirs
Errors in public records or forged documents
In short, it ensures the seller had the legal right to sell you the property—and protects you if someone challenges that after the deal closes.
Work with experienced title professionals through our attorneys and title teams network who can thoroughly review your property’s history and ensure clean title transfer.
2. There Are Two Types of Title Insurance
- Lender’s Title Insurance: Protects the mortgage company in case there’s a title issue.
- Owner’s Title Insurance: Protects you, the buyer, from personal loss or legal battles related to title claims.
Lender’s insurance is usually required, but owner’s title insurance is optional—and absolutely worth it. You’ll pay for both at closing, and it’s just one upfront fee that covers you for as long as you own the home.
Connect with title experts through our attorneys and title teams who can explain both policies and help you decide on the right level of protection.
3. It’s a One-Time Fee That Could Save You Thousands
Here’s the best part: you only pay for title insurance once, at closing. There are no monthly or annual premiums. And if something ever does pop up—like an unpaid tax bill from 15 years ago—you’re covered. No court dates, no surprise legal bills. Just peace of mind for the long haul.
Calculate your complete closing costs including title insurance using our FHA Purchase Loan or Conventional Purchase Loan calculator to budget for all one-time fees.
Want Complete Protection When You Buy Your Home?
Title insurance is your safety net against hidden property history issues. Here’s how to ensure you’re covered:
🏛️ Work with experienced professionals through our attorneys and title teams network
💰 Calculate all closing costs with FHA Purchase Loan or Conventional Purchase Loan calculators
📚 Learn about all buyer protections at our buy a house page
Ensure smooth closing with our same-day approval process
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