What is title insurance?

Title insurance is a type of insurance policy that protects an individual or organization from any loss of revenue due to disputes over ownership of a property. In Kansas, title insurance protects the buyer and the lender of a property from any claims or liens against the property that could affect its value and title status. It is also designed to protect the buyer and lender from any title-related issues that could arise after the purchase is finalized. Title insurance is typically issued for a one-time fee at the time of purchase and is good for as long as the individual or organization owns the property. It is important to understand that title insurance does not guarantee a clear title; it only covers the financial losses in the event there is a dispute over title or ownership.

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