By Justin Babcock
•
February 7, 2022
Many people find themselves asking, "What is title insurance and why do I need it?" Title insurance is a crucial indemnity to obtain prior to the home-buying process. Purchasing a home is one of the biggest financial decisions of anyone's life. Title insurance was created to cover any underlying issues with a home or property title. It protects a buyer from a future loss based on a prior risk factor. To protect yourself from any feasible scenario including your property being challenged by someone else also claiming ownership, title insurance should be established.