In real estate transactions, title insurance is insurance that protects against loss resulting from defects in the title to a specifically described parcel of real property. It provides coverage for issues such as undisclosed liens, errors in public records, or other defects affecting ownership.
Title insurance policies are issued after a title search and examination and typically protect either the property owner, the lender, or both. The policy remains in effect as long as the insured retains an interest in the property or the loan remains outstanding.
