Title insurance is a type of insurance that protects against financial losses caused by defects in the title to a property. It is typically required by lenders to protect their interest in a property, but it can also be purchased by property owners to protect their own interest in the property. The policy provides coverage for losses resulting from disputes over ownership of the property, problems with the property's legal description, or other issues with the title. The cost of title insurance varies depending on the value of the property and other factors, but it is a one time charge that protects you and your heirs for as long as you hold an interest in the property.