What is Title Insurance?
Newspapers refer to it in the weekly real estate sections and you hear about it in conversations with real estate brokers. If you've purchased a home you may be familiar with the benefits of title insurance. However, if this is your first home, you may wonder, "Why do I need yet another insurance policy?" While a number of issues can be raised by that question, we will start with a general answer.
The purchase of a home is one of the most expensive and important purchases you will ever make. You and your mortgage lender will want to make sure the property is indeed yours and that no one else has any lien, claim or encumbrance on your property.
The California Land Title Association, in the following pages, answers some questions frequently asked about an often misunderstood line of insurance--title insurance.
Excerpted from CLTA Title Consumer Understanding Title Insurance.
The library is filled with information important to consumers.
California Department of Insurance - Consumer Information
Title Insurance Pamphlet (.pdf)