Title insurance is a somewhat confusing matter, and many people ask about it - "what is it" and "why do I need it" are the most frequent questions. This is especially true for new buyers, but many experienced buyers don't necessarily understand what title insurance is and why it is important.

Title insurance, simply, is a protection against lost resulting from problems with the title on your property (e.g., unknown heirs in the past). This is done by the title company by exploring the title (title search) and identifying and eliminating potential risks due to title defects before the policy is issued.

There are two types of title insurance pollicies - one for owners and one for the lender. Normally the lender requires title insurance, whereas the owner's policy is optional but highly recommended.

For more details, get the full story from an article by United Title on my website (the buyer and seller reports page). And feel fee to let me know if you have any questions.