What You Need to Know About Title Insurance

Let’s cover all the bases first: a title to a piece of property is proof that the current owner is in lawful possession of said property.

Title insurance protects homeowners and lenders against potential property loss or damage they might experience due to liens, encumbrances, or defects in the title to the property. Whereas car, health, or life insurance protects against future events and is paid for in monthly and annual premiums, a title insurance policy insures against events that occurred in the past ownership of a property, and is paid for with a one-time premium at the time of closing.

Title insurance can protect you from the following areas:

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  • Forgery
  • Mistakes in examining records
  • Undisclosed heirs
  • Errors or omissions in deeds


Providing Title Insurance coverage through First American, Old Republic and Chicago Title companies.

Do I need title insurance for my new home?

This is certainly an open-ended question and should be discussed in detail with your attorney. To see what the attorneys at Pill & Pill, PLLC think, take the time to set up an initial consultation with our team. We’ll take the time to understand your needs, frustrations, and specific situation before making any recommendations.