Title insurance

A policy of insurance issued by an insurer that protects the holder from any loss sustained because of defects in the state of title other than those stated and specifically excluded from the policy. Usually, in exchange for a one-time premium paid at the time of the transaction, the title insurance company will protect the buyer of the property against any losses incurred as a result of title defects for as long as he or she owns the property.

« Back to Glossary Index