Title insurance insures against loss or damages sustained by the insured due to the condition of title being other than as insured. The beneficiaries of title insurance policies are real estate owners and mortgage lenders.

A title insurance policy protects the insured against title defects, liens and encumbrances existing as of the date of the policy and not excepted from the coverage.

For a one-time premium paid at the time of closing, buyers and their heirs will continue to be protected in the event of a future claim long after they transfer the property.