Title insurance protects property owners from unforseen claims against their legal ownership of the property. Lenders may also require title insurance to assure that any loans secured by the property are sound and have priority. There are many kinds of title defects such as a forgery, unpaid liens, or documents executed without proper authority which may render a title unmarketable. If there is possible financial loss due to claims asserted against the title to your home you can be protected up to the face amount of the title policy. This includes legal costs in case the title insurer has to defend your title against a covered claim. Typically lenders will always require title insurance. But even if you purchased a property in cash, would you want any part of your investment exposed to risk of title defects? For more information on this topic please contact us (808)739-4174 | www.choicehomeshawaii.com.