How does title insurance protect my property should a claim arise?
Your Owner’s Policy of title insurance protects you from personal financial loss due to claims which arise against your property as a result of a title defect or failure of title, up to the face amount of the title policy. The face amount of the policy is the insured amount and is generally the purchase price paid for the property. Further, the Owner’s Policy also guarantees payment of legal costs if the title insurer (or title underwriter) has to defend your title against a covered claim. If the claim is successful, the title underwriter will pay the claim up to the face amount of the title policy.
