Title insurance claims

Title insurance claims occur when a property owner or lender discovers an issue with the property's title after purchasing it. This issue could be liens, ownership disputes, clerical errors, or unknown claims that affect the property's legal ownership or marketability. When such problems arise, the title insurance company investigates and, if the claim is valid, typically covers legal costs or financial losses to resolve the issue. Essentially, title insurance provides protection against future surprises that could threaten your ownership rights, ensuring you’re financially safeguarded against hidden defects or disputes in the property's title.