What is a title insurance policy?

A title insurance policy is a type of insurance policy that provides financial protection to a property owner and a lender in the event of any dispute related to the ownership of a particular property. In Delaware, a title insurance policy is required when a person purchases a property to protect against any potential claims to the title that may arise after the purchase has been completed. Basically, a title policy is a contract between the title insurance company and the property owner that states that the title insurance company will provide financial protection if any claims arise regarding the property titles. This protection is designed to protect the owner and the lender from any potential disputes that may arise from infringing title, such as if someone else claims to own the property after the purchase has been completed. In Delaware, title insurance is typically purchased from an independent title insurance company and is based on a title report conducted by the title company. A title report is a thorough investigation into the history of the property in order to determine whether any claims can be made about the title. The title insurance policy will then cover any costs associated with these claims if they arise.

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What is a title insurance policy?

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