What Is Title Insurance? Why It Matters for Your Real Estate Closing
When you’re buying a home, there’s a lot to think about — inspections, appraisals, closing costs, and paperwork galore. But one of the most important (and often least understood) parts of the real estate process is title insurance.
So, what is title insurance? And why is it something you shouldn’t skip? Let’s break it down — and show you how Legacy Title Agency in Michigan makes this critical step smooth, secure, and stress-free.
What Is Title Insurance?
Title insurance protects homebuyers and lenders from financial loss due to defects in a property’s title. Unlike other types of insurance that protect against future events, title insurance protects against issues from the past — things like:
Unpaid property taxes
Unknown liens or judgments
Clerical errors in public records
Forged or fraudulent documents
Missing heirs or ownership disputes
In short: if there’s a hidden issue with the property's legal ownership, title insurance has your back.
Why Do You Need Title Insurance?
You might be thinking, “My home has already been owned and sold before — doesn’t that mean the title is clear?” Not necessarily. Title issues can go undetected for years and suddenly pop up, putting your investment at risk.
Without title insurance, you could be on the hook for thousands of dollars — or worse, lose your rights to the property altogether.
There are two types of title insurance:
Lender’s Title Insurance – Required by your mortgage lender to protect their investment.
Owner’s Title Insurance – Optional, but highly recommended to protect your ownership rights.
At Legacy Title Agency, we always encourage buyers to opt for an Owner’s Policy — it’s a one-time cost that offers lifetime protection.
How Title Insurance Works
When you work with a title company like Legacy Title Agency, we perform a detailed title search before your closing. This search examines public records to uncover any issues that might affect the title.
If anything concerning pops up, we work to resolve it before you take ownership. Once the title is clear, we issue your title insurance policy — giving you peace of mind that your property is protected.
Why Choose Legacy Title Agency?
At Legacy Title Agency, we’re not just a title company — we’re your trusted partner in the closing process. Here’s why buyers, sellers, agents, and lenders across Michigan choose us:
✅ Experienced Local Experts – Based in Michigan, we understand the local laws, practices, and market nuances.
✅ Top-Rated Service – We combine professional expertise with down-to-earth customer care.
✅ Seamless Closings – Our team handles every detail to make your closing stress-free and on time.
✅ Proactive Protection – We go beyond the basics to ensure your title is clean, clear, and fully protected.
Ready to Close with Confidence?
Whether you're buying your first home or your fifth, title insurance is your safeguard against hidden legal issues. And Legacy Title Agency is here to walk you through every step — with honesty, accuracy, and a friendly smile.
🔒 Secure your investment with Legacy Title Agency.
🌐 Visit us at www.legacyclosings.com or call us at 248-913-2266 to learn more about title insurance and schedule your closing.