Having title insurance is beneficial for many people. Those that have it are protected from the mistakes and wrong-doings of previous owners on a house. However, many people will not know the first thing about title insurance or what the proper way of acquiring it is. That is why it is best to work with a title company to ensure that you go through the entire process and receive as much protection as possible. Because title insurance is such a complex insurance to have, it is best to have some sort of idea of what it is.
When you work with a title company, they will first have to get all of the documentation and public records of the house. This will include deeds, wills, etc. that are involved with the title and rights on the house. Before the house can be passed over into your possession, there are several things that must be accounted for from the previous owner. Some mistakes might occur in this process, which is where title insurance will protect you from having to give up any of those title rights. With title insurance, you are not held responsible for the home before you owned it, but it still allows you to retain ownership on the house.