---
title: "What is Title Insurance? One Time Fee, Lasting Protection"
url: https://stacklist.com/card/ff1ececb-19bd-4a77-97b2-af8710da2715
source_url: "https://www.oldrepublictitle.com/homeowners/education/what-is-title-insurance/"
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summary: "Title insurance is a one-time premium insurance product that protects homeowners from financial loss due to title defects in their property, focusing on risk prevention rather than risk assumption. It covers various issues such as forged documents, undisclosed heirs, unpaid liens, and fraud, with separate Owner's Policies protecting homeowners and Lender's Policies protecting lenders' investments."
tags: "title-insurance, homeowner-education, property-protection, real-estate, insurance-coverage, legal-defects"
key_entities: "Old Republic Title (organization), Owner's Policy (concept), Lender's Policy (concept), title defects (concept), real estate transaction (concept)"
classification: "tutorial"
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# What is Title Insurance? One Time Fee, Lasting Protection

Privacy Policy This website uses cookies and similar technologies to manage your sessions, manage content, and improve your website experience. We do not sell your private information. To learn more about these technologies, please see our privacy policy . sounds good 1. What is Title Insurance? Homeowner Education Homeowners Home Home Homeowners Homeowner Education 1. What is Title Insurance? Unsave Location: Saved Location Title What is Title Insurance? To put it simply, title insurance is a way to protect yourself from financial loss and related legal expenses in the event there is a defect in title to your property that is covered by the policy. Title insurance differs from other types of insurance in that it focuses on risk prevention, rather than risk assumption. With title insurance, title examiners review the history of your property and seek to eliminate title issues before the purchase occurs. Title insurance also differs in that it comes with no monthly payment. It’s just a one-time premium paid at closing. Download as a PDF Do I need Title Insurance? Absolutely. Title insurance is a way to protect what is likely your largest investment—your home. An Owner’s Policy provides peace of mind that your title company will stand behind you if a covered title issue or defect arises after you have bought your home. What Does Title Insurance Cover? Any number of title issues may arise, even after the most meticulous search of public records. These hidden defects are dangerous because you might not learn about them for months, or even years, after purchase. Some common examples of risks covered by your Owner’s Policy include defects in title caused by: Improper execution of documents Mistakes in recording or indexing legal documents Forgeries and fraud Undisclosed or missing heirs Unpaid taxes and assessments Unpaid judgments and liens Unreleased mortgages Mental incompetence of grantors on the deed Impersonation of the true owners of the land by fraudulent persons Refusal of a potential purchaser to accept title based on the condition of the title How Much Does Title Insurance Cost? The one-time premium that you’ll pay for a title insurance policy varies by state, but generally is related to the value of your property. You can use our Rate Calculator to estimate how much your title insurance policy may cost.  What is Owner’s Title Insurance? An Owner’s Title Policy is designed to protect you from covered title defects that existed prior to the issue date of your policy. If a valid claim is filed, your Owner’s Policy, subject to its terms and conditions, will cover financial loss up to the face amount of your policy. What is Lender’s Title Insurance? A Lender’s Policy provides no coverage to the homeowner. A Lender’s Policy insures that your lender has a valid, enforceable lien on your property. Most lenders require borrowers to purchase this type of insurance policy to protect their investment. Next Section: Benefits of Title Insurance Title insurance issued by Old Republic Title provides a broad range of benefits to the parties involved in a real estate transaction. Keep going to learn more. Continue Explore the Series ORProFarm_Logo 1. What is Title Insurance? 2. Benefits of Title Insurance 4. Real Estate Dictionary 3. What is Escrow?