Title Insurance

When purchasing a new home, included in your closing costs will be title insurance.  Your lender will require coverage up to the amount of the loan, and for a small additional cost you can insure the full FMV of the property.  Title insurance, which is a one time charge at closing, protects, among other things, your ownership interest in the property.  It also insures against defects in title, adverse title claims, and will cover attorney's fees and costs in defending or prosecuting title disputes.