What protection does title insurance provide against defects?

Title insurance will typically pay for the defense of any lawsuit attacking or challenging the status of title as insured and/or reimburse you for your losses cause by the title defect as provided in the owner’s title policy. The title company will either clear up covered title problems or pay the insured’s losses. For a one-time premium, an owner’s title insurance policy remains in effect for as long as you or your heirs retain an interest in the property, or have any obligation under warranty in any conveyance of the land.