Title insurance is a bit different than most insurance that people purchase. A title insurance premium is paid only once, at closing. And while most insurance covers possible future events, title insurance covers possible events of the past. Specifically, title insurance is insuring that a title is clear of liens and encumbrances. Imagine purchasing a home, only to find out months down the road that there is a lien against your property or worse yet, the seller of the property was not the … [Read more...]