Definition
Title insurance helps protect against covered problems with property ownership records or title defects.
If you are comparing mortgage options, treat title insurance as one piece of the total cost and risk picture, not a standalone detail.
Why It Matters
It matters because ownership issues can create legal or financial risk after closing.
Simple Example
A title search may find an old lien that needs to be resolved before the sale closes.
How to Use This Term
When you see title insurance on a loan estimate, calculator result, or lender conversation, connect it to three practical questions: how it affects monthly payment, how it affects cash needed now, and how it affects flexibility later.