definition for: #titleinsurance

GRS Group - Title insurance guarantees or indemnifies an owner of real property against financial loss or damage resulting from a lien, encumbrance, or defect in the title to the real property. In general, title insurance policies protect property owners, and lenders, from costly defects in land titles, such as prior liens or claims of ownership that arise after the property transaction concludes (traditionally a sale of property, or a loan/refinance transaction). Title insurance can also be purchased to insure other interests in real property, such as a leasehold estate or an easement estate.http://***