What is a primary benefit of title insurance for property buyers?

Title insurance is primarily designed to protect property buyers from unforeseen title issues that could arise after the purchase of a property. These issues may include claims against the title, such as undisclosed liens, ownership disputes, or fraud, which can emerge from actions taken before the buyer's acquisition of the property. The title insurance policy provides financial protection against the costs associated with resolving these matters, ensuring that the buyer has clear ownership and can enjoy their property without the threat of legal challenges concerning its title.

While aspects like resale value, property price changes, and future property taxes are important considerations for any property buyer, title insurance specifically focuses on confirming the legitimacy of ownership and resolving past title defects. Thus, the primary benefit lies in its ability to safeguard the buyer from the financial fallout of unforeseen title issues.