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What is Title Insurance?

Title insurance takes the risk out of acquiring property. When you purchase property, there’s always a chance that someone other than the seller has a legal right to the property you are purchasing. Title insurance generally includes in-depth research about the status of a title, efforts to correct or clear the title, and an insurance policy to protect against future claims.

Types of Title Insurance Policies:

  1. Owners Policy of Title Insurance – Insurance against loss by virtue of defects, liens, encumbrances, and other matters of public records.

  2. Mortgagee’s Policy of Title Insurance – Insurance that protects the lender by guaranteeing that the lender’s mortgage is the first and best lien on the subject property.

Title-Insurance-300x166 What is Title Insurance?Why Do You Need Title Insurance?

Title insurance will pay for defending against any lawsuit attacking your title as insured, and will either clear up title problems or pay the insured’s losses. For a one-time premium, an owner’s title insurance policy remains in effect as long as you, or your heirs, retain an interest in the property.

The following matters are examples of why you need a Title Insurance Policy. Remember that the best title examination or search cannot protect your equity and home from matters not appearing in the public records. However, a Title Insurance Policy can protect you from:


Jimmy Miller | Regional Vice President | Miller Home Title | 5326 Detroit Rd | Sheffield Village, OH 44035

440-934-3003 Office | 800-745-0001 Fax | 216-314-1840 Cell | [email protected]


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