![]() This process confirms the seller’s legal right to sell the home. In any real estate transaction, the title company runs a public records search to ensure that the home being purchased is free and clear of any liens or ownership disputes. Title insurance covers any underlying issues with a home or property’s title that the title company may have missed during the home-buying process. Unlike other types of insurance that help cover future mishaps, title insurance is designed to protect the policyholder from any past title discrepancies from the seller or previous owner that might be uncovered during or after the purchasing process. If disputes over title ownership arise after the purchase, the insurance policy pays for any legal fees to resolve them. Title insurance is a type of insurance that protects mortgage lenders and/or homeowners against claims questioning the legal ownership of a home or property (i.e., the title to the property).
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