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What is the difference between home insurance and title insurance?

April 26, 2017Home Insurance Insurance title

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What is the difference between home insurance and title insurance?

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Home and title insurance offer protection against different types of risks. Homeowners insurance protects against loss or damage to the home, related structures, the personal property items of the home, and third party liability. Title insurance offers protection for homeownership interests in the real property. It guarantees a good and marketable title to the real estate property so that your interest in the property asset is above all others. Is title insurance necessary? Title insurance is critical in protecting your full legal ownership real estate property rights. If an issue arose in the future regarding legal ownership of the property which wasn’t discovered during the title search, the tile company will pay all associated costs with defending the title.