The title insurance industry has protected the property rights of homebuyers for more than 125 years.

There are two different types of title insurance policies:

An owner's policy is purchased by you, the homebuyer. While it is your choice, purchasing an owner's title insurance policy is the best way to protect your property rights, as well as your trustees, inheritors, and beneficiaries.

lender's policy is usually paid for by the homebuyer or the seller. It is almost always required by the lender and protects the lender's interest.

7 Reasons Why Every Homebuyer Needs Owners Title Insurance

 

 

Take a look at examples of how title insurance protects your largest financial investment.

For over a century title professionals have worked to ensure that when you buy a property, you have peace of mind that your property is protected.

 
Homeclosing101.org

Consumers can learn more about how title insurance protects property rights and find an ALTA member to help with the closing process and title insurance needs at homeclosing101.org.

ALTA Good Deeds Foundation

The ALTA Good Deeds Foundation (AGDF) bolsters charitable efforts of members in their communities and helps those adversely impacted by national emergencies or with housing needs. Click here to learn more about the Foundation.

 

The Title Insurance Industry by State

Research Initiatives

Average Title Insurance Claim Cost for Fraud and Forgery is $143,000

Fraud and forgery claims represent 21% of the total dollars spent by title insurers on claims expense and losses, with an average claim cost of over $143,000, according to a new independent analysis conducted by global consulting and actuarial firm Milliman.

Title Professionals Spend Significant Time, Resources to Protect Property Rights

Title insurance companies invest heavily in upfront title research and curative work that significantly protects property rights and limits ownership challenges down the road, according to a study conducted by ndp | analytics.

Small Business-dominated Title Industry Generates $30 Billion Annually to U.S. GDP

The title insurance and settlement services industry directly generated $30 billion of GDP in the U.S. economy and 155,000 jobs in 2022, according to a report from Ernst & Young’s Quantitative Economics and Statistics.


Title Protects Articles

Title Insurance Matters. Here’s Why.
HousingWire  |  July 29, 2024

Title insurance is significantly different from other lines of insurance. For a one-time fee paid at closing, title insurance provides homeowners protection for as they or their heirs own the property. Other types of insurance charge monthly or yearly premiums. The facts are clear: title insurance is essential to protecting homeowners and their most important investment both during the initial purchase of a home and refinancing – and it exists for a reason.

Understanding Title Insurance in Real Estate
Business Insider  |  July 22, 2024

Just as homeowners insurance protects you financially if your home is physically damaged or destroyed, title insurance protects you if someone makes a claim against your property's title.

What Is Title Insurance And Do I Need It?
Forbes  |  July 1, 2024

Here’s what you need to know about what title insurance: What it covers, how much it costs and whether you should buy it.

I Always Thought Title Insurance Was a Waste of Money Until This Happened to Me
MSN  |  June 24, 2024

I am currently involved in a long process of buying a home from some investors who purchased it in foreclosure. The home closing has been held up multiple times, as the sellers are having a hard time getting liens off the property. That's not what made me glad for title insurance though, since the title company identified all of these claims and is requiring the sellers to clear them up before the purchase can be finalized.

Consumer Protection Is What Title Insurance Is All About
HousingWire  |  January 24, 2024

It is critical that new homebuyers and homeowners alike understand title insurance.