clipped from: www.titledefectpolicy.com   

Title Insurance – An Introduction


The one thing almost all human beings have in common is that when they have strived for something and have acquired it, they rarely fail to take exception when another individual challenges their accomplishment.It is no different with the ownership of property.


When a buyer has acquired a property, they intend to possess that property to their own use, and if another person were to claim ownership of the property, it would naturally be an affront to the senses.


Unfortunately, we have evolved into a system of rules, and under the rules, it is often the case that a claim to property can be legitimately made, even after it has passed into the ownership of someone else. This hardly seems fair but in some cases, justice is the last thing that will be found


To remedy this gross offense to natural law, the device of title insurance has evolved to indemnify the owner of property if indeed they suffer a challenge to their property title.