Title insurance

a form of insurance provided to purchasers of real estate after an insurer has researched a property’s history to determine if there any kinds of defects in ownership, including any liens, incumbrances or claims of ownership by another. The title insurance is for the benefit of new purchasers and their lenders. In the event that a claim by another is made against the buyer after the sale, the title insurer will have a duty to defend and possibly indemnify the purchaser and his or her lender against such claims. See also Insurance.