When you buy a home, or any property for that matter, you expect to enjoy certain benefits from ownership. For example, you expect to be able to occupy and use the property as you wish, to be free from debts or obligations not created or agreed to by you, and to be able to freely sell or pledge your property as security for a loan.  A title insurance policy takes the risk out of purchasing property whose legal history is unknown to you. Although there shouldn’t be any risks in acquiring property, they do exist. 

Through out history, your property probably has changed ownership many times through sales or possibly inheritance or foreclosure. Each time it changed hands, another opportunity for a mistake or an error in the title arose. If an error had occurred and was never brought to attention, your title could be jeopardized. You could lose your property and the money you paid for it or the money you have spent to improve it. And, even if you successfully defend your rights, the cost you’ve paid in stress, time, and monetary fees have taken their toll.