Title Insurance

Definition: Title insurance protects the insured against covered losses from specified defects or claims affecting title, subject to the policy’s terms, exceptions, exclusions, and limits.

Example

A covered ownership claim based on a forged deed from before the purchase may trigger protection under the policy.

Keep the distinction clear

Title insurance does not cover every possible property problem. It differs from homeowners insurance and a deed warranty, and an owner’s policy protects a different interest from a lender’s policy.

Related terms

Owner’s Policy (Title Insurance) · Lender’s Policy (Title Insurance) · General Warranty Deed

Keep studying

Deeds, Abstracts, Title Opinions, and Title Insurance

References: Cornell LII: title insurance · Florida DFS: Title insurance overview

Pronunciation (US): TYE-tuhl in-SHOOR-uhns (capitals show stress)

Pronunciation reference: Merriam-Webster