What is the main benefit of title insurance?

The main benefit of title insurance is that it protects the buyer against defects in the title or ownership disputes. This means that if there are any claims, liens, or encumbrances against the property that were not discovered during the title search process, the title insurance policy will help cover the legal costs associated with defending against these issues. Essentially, it safeguards the buyer's investment by providing a way to resolve issues related to the title that may arise after the purchase. Title insurance is crucial because it can uncover problems like previous owners' debts, fraud, or errors in public records that may affect the buyer's legal ownership and right to use the property.