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What is Title Insurance?
There are two types of title insurance:

Lender's Title Insurance: Also called a Loan Policy. Most lenders require a Loan Policy when they issue you a loan. the Loan Policy is usually based on the dollar amount of your loan. It protects the lenders interests in the property should a problem with the title arise.

Owner's Title Insurance: This is usually issued in the amount of the real estate purchase. It is purchased for a one-time fee at closing and lasts as long as you or your heirs have an interest in the property. Only Owners title insurance fully protects the buyer should a problem arise with the title that was not uncovered during the title search. owners title insurance also pays for any legal fees involved in defending a claim on your title.

Why Title Insurance?
To protect yourself against any title defects which is anything in the entire history of ownership of a piece of real estate which may encumber the owners right to peaceful enjoyment of the property or which may cause the owner to lose any portion of the property, such as:

	False personation of the true owner of the land
	Forged deeds, release, etc.
	Deeds to or from defunct corporations
	Deeds by persons of unsound mind
	Deeds by person supposedly single but secretly married
	Mistakes in recording legal documents
	Falsification of records
	Claims of creditors against property sold by heirs or devisees
	Deeds in lieu of foreclosure given under duress
	Errors in tax records
	Undisclosed divorce of spouse who conveys as consorts heir
	Marital rights of spouse purportedly, but not legally, divorced
	Duress in execution of instruments
	Defective acknowledgements

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