How does title insurance differ from homeowner’s insurance, casualty or other types of insurance?
Title insurance is a very specific kind of guarantee. It’s different than homeowner’s insurance, which covers against general claims and losses due to natural disasters, home malfunctions, fire or lightning, theft, vandalism, and personal liability claims brought against you by others. Homeowner’s, casualty, and other types of insurance also have ongoing premium payments and can be renewed/cancelled/modified, etc., while title insurance is in force as long as you own the house (and the loan), with all of the work to identify and eliminate risk with the property occurring before you assume legal ownership.