Title insurance is housing transactions, the insurer (insurance company) and the insured has established between the nature of guarantee compensation contractual relationship . Simply put, is a one-time payment by the insured to the insurance company a certain amount of the premiums, the insurance company promises made in their property if the verification report (Title Report) there should be documented and undocumented title defects and disputes , and to be insured losses caused by its title defects responsible for eliminating the insured to resolve property disputes , or within the scope of the insured amount by compensation .

Title insurance is generally divided into two kinds, homeowners title insurance (Owner's Title Insurance) and the loan company title insurance (Lender's Title Insurance).

Homeowner Title Insurance is, in the event of property disputes, the insurance company is responsible to buy a house ( ie, the current owner ) to provide financial compensation insurance . Homeowner Title Insurance usually consists of housing transactions when selling to buy a house to pay artificially, if people buy a house ( the current owner ) when the contract is not made the request , can also be purchased separately themselves .

Loan companies insurance refers to the event of disputes, to buy a house ( current owner ) funded loan company that offers loan amount can be repaid on schedule . Loan companies generally buy title insurance to purchase, and often requires lending institutions must purchase insurance program .