Why Have Title Insurance A home is usually the largest single investment any of us will ever make. When you purchase a home, you will purchase several types of insurance coverage to protect your home and personal property.  Homeowner's or hazard insurance protects against loss from theft or fire. Flood Insurance protect against rising water. Title Insurance protects against hidden title hazards that may threaten your financial investment. Title insurance companies combine the abstracting process with a program of insurance that guarantees the validity and accuracy of the title search and examination. A purchaser of title insurance can rely on the insurance company's assets to back its guarantee of its property's marketable title.  This guarantee is evidenced by a policy of title insurance. Most lenders/financial institutions now require that a policy be issued to them for the original amount of the loan. While a Loan/mortgage policy is required by most lenders, it protects only the lenders interests. Though it is not required by law nor by the lender to purchase an Owners Title Insurance Policy, you must have an Owner's Title Insurance Policy in order to protect your greatest financial investment against claim or loss.  When the Loan/Mortgage and the Owner's Policies are issued simultaneously, the savings is substantial (see our fees).