Title insurance is a policy that protects property buyers and mortgage lenders against potential losses due to defects in the property’s title. These defects could include errors, liens, or disputes over ownership that were not discovered during the title search. The insurance provides financial protection if any issues arise after the purchase, helping cover legal fees or other costs associated with defending the property’s title. Unlike other types of insurance, title insurance involves a one-time premium paid at closing and remains valid for as long as the policyholder owns the property.