When it comes to protecting your real estate investment, title insurance is an important consideration. But what exactly is title insurance, and how does it work?

Title insurance is a type of insurance that protects against loss or damage resulting from issues with the title to a property. This includes problems such as liens, encumbrances, or other issues that could affect the ownership of the property. Title insurance can protect both the buyer and the lender in a real estate transaction.

There are two types of title insurance: lender's title insurance and owner's title insurance. Lender's title insurance is required by most lenders as a condition of the loan and protects the lender's interests in the property. Owner's title insurance, on the other hand, is optional and protects the interests of the property owner.

When you purchase title insurance, the title insurance company will conduct a thorough title search to uncover any potential issues with the title. If any issues are found, the title insurance company will work to resolve them before the property is transferred to the new owner. If any issues arise after the property has been transferred, the title insurance company will provide coverage for any resulting loss or damage.

Title insurance is an important consideration for anyone buying or selling real estate. It provides peace of mind and protection against potential issues with the title that could affect the ownership of the property. While it's an additional cost, it can provide valuable protection for your real estate investment.