Why do I need title insurance?

A real estate purchase is usually one of the best and most important investments you can make. A home is probably the largest single purchase you will make. You protect your property against fire and other casuality damage with homeowner’s hazard insurance, but what about protecting your title–your right of ownership? Title problems are defects that occur before the date of the policy and remain undisclosed until sometime later. Even the most thorough and accurate search of the public records cannot reveal these “hidden” hazards which could delay the sale of your property, make it unmarketable or even cause you to lose your property. Title insurance covers defects in the title prior to when you purchased your property.