The word “Title” is used to describe the ownership of land. When you purchase a home the title of that land is transferred to you.
Title Insurance means that an insurance policy is purchased to protect you, the homeowner, against any challenges or issues related to the title of your home. The policy provides coverage against any losses because of title defects, even if they existed before you took ownership of the home. Defective title insurance means that there is a problem with the title that prevents clear ownership. Title insurance covers many types of defects which could include rights of way, unpaid liens, encroachments etc.