Title insurance is a policy that protects property buyers and lenders from third-party claims that may arise after a real estate closing. Here’s what you need to know:

Coverage: Title insurance covers claims not found during the initial title search. These could include unpaid liens, easements, or other ownership disputes.
Lender’s Title Insurance: Lenders typically require title insurance to protect their investment. It’s a one-time premium paid at closing.
Owner’s Title Insurance: While not required, owner’s title insurance protects you as the buyer. It ensures your ownership rights and covers legal fees if a claim arises.
Title Search: Before closing, a title company searches public records for any issues related to the property title. If problems are found, they work to resolve them.

Remember, while lender’s title insurance is mandatory, owner’s title insurance is optional but recommended for peace of mind. If you have further questions, feel free to contact Blue Reef Mortgage.