Title Insurance is a real estate term you will encounter when buying or selling a home in Ventura County. This page gives you a plain-English definition and explains why it matters.
What it means
Unlike most insurance that covers future events, title insurance protects against problems that already exist in the property's history but were unknown at closing. A one-time premium is paid at closing. There are typically two policies: a lender's policy protecting the mortgage and an owner's policy protecting the buyer's equity.
Why it matters to buyers and sellers in Ventura County
For Ventura County buyers, title insurance provides peace of mind that the ownership you receive is clear. With older properties and complex histories, hidden title issues can surface. Brian helps buyers understand the title process and why both lender and owner policies matter.
Frequently Asked Questions
Why do I need title insurance?
It protects you against losses from title defects, such as old liens or ownership claims, that were not discovered before closing.
What is the difference between lender and owner policies?
A lender's policy protects the mortgage lender's interest, while an owner's policy protects your equity in the home. Both are commonly obtained at closing.
Is title insurance a one-time cost?
Yes. The premium is typically paid once at closing and the policy remains in effect for as long as you own the property.
