What Is Title Insurance?
When you purchase real estate, you’re not just buying the property — you’re also receiving the legal rights tied to that property. Unlike other types of insurance that protect against future events, title insurance is designed to help protect against past issues connected to the property’s ownership history.
Before closing, a title company performs a thorough search of public records to identify and resolve potential title problems whenever possible. Unfortunately, not all title issues can be discovered through public records alone, which is why title insurance plays an important role in protecting your investment. After closing, title insurance provides protection against certain covered claims that could affect ownership rights or create financial loss.
At Collier Title Company, we work to ensure every transaction is handled with accuracy, attention to detail, and peace of mind for all parties involved.
What Does Title Insurance Cover?
Title insurance may provide protection against a variety of covered title defects or ownership issues, including:
- Errors in public records, including clerical or filing errors
- False impersonation of the true owner
- Incorrect legal descriptions
- Undisclosed heirs or ownership claims
- Forged signatures or fraudulent documents
- Documents executed under false, revoked or expired powers of attorney
- Mistakes and omissions resulting in improper abstracting
- Defects in prior deeds or title transfers
If a covered issue arises after closing, title insurance can help cover legal defense costs and financial losses associated with resolving the claim, subject to the policy terms and conditions.
Owner’s Title Insurance vs. Lender’s Title Insurance
Owner’s Title Insurance
An owner’s title insurance policy helps protect the buyer’s ownership interest in the property for as long as they or their heirs own it. While this policy is optional in many transactions, it is highly recommended as it provides valuable protection and peace of mind.
Lender’s Title Insurance
Most mortgage lenders require a lender’s title insurance policy. This policy protects the lender’s financial interest in the property until the loan is paid off or refinanced.
Why Title Insurance Matters
Even with a careful title search, some title issues may remain hidden until after closing. Title insurance helps provide confidence that your investment is protected from covered ownership disputes and unforeseen title defects.
Whether you are purchasing a home, investment property, commercial building, or vacant land, our team is committed to helping make the closing process smooth, secure, and stress-free.
At Collier Title Company, we believe informed clients make confident decisions. If you have any questions about title insurance, our team is always available to help. Our goal is to provide exceptional service while helping protect one of the biggest investments you’ll ever make.