Title Insurance policies typically insure a home buyer against any title-search errors or mistakes, and against loss due to disputes over property ownership.

Title Insurance can additionally offer protection to the lender under similar circumstances. The cost of title insurance is usually a set value per thousand of dollars of the total loan amount.

Most often, the cost of title insurance is included into the closing costs of a mortgage and paid at the time of closing on the loan.

Obtaining title insurance -- even if not taking a mortgage out to buy the property -- is highly recommended.