Title Insurance is a type of insurance that protects property buyers and lenders from financial losses due to defects in a property's title. This can include issues like unpaid taxes, liens, or claims from previous owners. When you purchase a home, a title company conducts a thorough search to ensure the title is clear before issuing a policy. If a problem arises after the purchase, title insurance can cover legal fees and any financial losses incurred. It provides peace of mind, ensuring that the buyer has a secure ownership stake in the property without unexpected legal challenges.