At closing you will be given a deed or title to the property you are purchasing. Title insurance is normally purchased to protect you against "defects" in the title. A defect is another persons claim to all or part of what you have purchased. The title insurance company will defend your rights in court if necessary and also bear all costs arising out of the defect. Unlike other insurance title insurance involves a one time fee which is paid for at closing.
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© Patrick Taylor 2004