Title insurance is primarily limited to what type of coverage?

Title insurance is primarily designed to provide coverage for real property, which includes land and anything permanently attached to it, such as buildings and structures. The primary function of title insurance is to protect property owners and lenders against losses arising from defects in the title of the property, such as claims from previous owners, errors in public records, or undisclosed liens. This service ensures that the insured party has clear and marketable title to the property.

While personal property, financial assets, and business locations may have their own types of insurance and coverage options, they do not fall under the specific purview of title insurance. The focus of title insurance on real property highlights its crucial role in real estate transactions, providing peace of mind to buyers and lenders that their investment is secure and that they will not face unforeseen claims or issues related to the ownership of the property.