Title insurance is an important part of the real estate process to understand and to be thoroughly familiarized with because of the important role is plays in protecting the parties to the transaction. Title insurance, at its most basic level, can protect property owners, homeowners and lenders from problems that can arise with the title to the property.
Knowing what title insurance is and why it's important is essential for home buyers to understand. In general, title insurance protects a purchaser from problems with a title but can also protect lenders as well.
A real estate purchase is a large purchase and, in some cases, may be the largest purchase a property owner or homeowner ever makes. Because information contained in the title for the property can impact the property rights of the property owner and other concerns as well, a thorough title search is important. Additionally, title insurance is another important aspect of the process to understand.