Many home buyers will purchase title insurance because it was required by their mortgage company at the time of closing. Despite the fact that you may have paid for the title insurance, the policy will only cover your mortgage company if a defect is discovered once you become the registered owners.

Now there is title insurance available that will protect the homeowner. You can purchase title insurance to protect yourself when you first purchase your home or in some cases you can request to obtain insurance even if you have owned the home for several years.