Title insurance is a one-time purchase that protects homeowners against defects in the chain of title.
Examples of defects:
Unpaid judgments and liens
Improper execution of documents
Mistakes in recording or indexing legal documents
Forgeries and fraud
Undisclosed or missing heirs
Unpaid taxes and assessments
Unreleased mortgages
Mental incompetence of grantors on the deed
Impersonation of the true owners of the land by fraudulent persons
Refusal of a potential purchaser to accept title based on the condition of the title
Your home is one of the most important investments you will make in your lifetime.