What is the difference between a title search and a title insurance policy?

A title search and title insurance policy are two different aspects of residential real estate law in South Carolina. A title search is a process of researching the history of a property to make sure that any liens or other claims on it have been cleared before ownership is transferred. The title search looks at public records and other documents related to the property, such as deeds, mortgages, and tax documents. A title insurance policy is an insurance policy that provides protection to the homeowner against claims that may arise from defects in the title of the property. It covers any mistakes or omissions in the title search, such as not finding a lien or other claim on the property. It also covers any disputes over boundary lines, encroachments, or other issues related to the title. The title insurance policy is usually purchased by the buyer of the property and is in effect until the property is sold or transferred to another owner. In short, a title search is a process of researching the history of a property to make sure any liens have been cleared, while a title insurance policy is an insurance policy that provides protection to the homeowner against any claims that may arise from mistakes or omissions in the title search. These two aspects are integral to residential real estate law in South Carolina.

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What is the difference between a title search and a title insurance policy?

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