What exactly is title insur
Well, when a property is financed, bought, or sold, a record of that transaction is generally filed in public archives. Likewise, records of other events that may affect property ownership, like liens or levies, are also archived.
When you buy title insurance for your property, a title company searches these records to find - and remedy, if possible - several types of ownership issues. First, the title company searches public records to determine the property's ownership status. After this search, the underwriter will determine the insurability of the title.