What is Title Insurance

Title Insurance protects you from litigation fees and significant financial expenses which could result from claims or title defects against your property.

There are two types of policies:

  1. Mortgagee Policy
    1. This is required from your lender if you get a mortgage. It provides the Lender protection in their investment in your property. (I.e. your mortgage)
  2. Owner Policy
    1. This provides the homeowner protection against loss or damage from any defect in the title that wasn’t caught in the title search of the property.
      1. Examples are: mortgage liens, tax liens, title vested in someone else, claims relating to forged deeds, power of attorney, mis-indexing by the town clerk, and more.