Why do I Need Title Insurance?

"Why do I need title insurance?" That might be the second most common question new homebuyers ask their Realtors. That's after they ask the most common question: "What is title insurance anyway?" Title insurance is a unique form of insurance because it protects you against ownership claims against your property. Unlike other types of insurance, your title insurance policy, for a one-time premium paid at closing, provides protection to you and your heirs for as long as you own your house. Also unlike other types of insurance, title insurance protects you from events that happened in the past: a forgery, forgotten heir, or other claims by people or entities who may truly (but unbeknownst to you) have a right to your property.

For more information VIEW our technical bulletin on this topic.