Before we can answer what title insurance is I would like to explain what a "title search" is.
A title search is the first step in obtaining title insurance. That's when a detailed examination of the public records concerning the property is made, including deeds, civil and probate court records, judgment indexes, tax records, etc.
Title insurance is protection against loss arising from problems connected to the title to your property.
For example - someone along the way may have forged a signature or there may be unpaid taxes or liens. Title insurance covers you for any claims and legal fees that arise out of such problems. Protecting your most valued asses, your home, from fraudulent claims against your ownership, liens and undisclosed heirs are just some of the reasons you need title insurance.