What is typically the goal of title insurance?

The primary goal of title insurance is to protect against claims of ownership. Title insurance provides financial protection to the policyholder in the event that a dispute arises regarding the ownership of the property, such as claims made by other parties or issues that were not identified during the title search process. This could include instances of undisclosed heirs, liens, or other legal claims against the property that could potentially challenge the insured's ownership.

The insurance covers legal fees and costs associated with defending the title, ensuring that the owner can maintain clear and undisputed ownership of the property. This aspect is crucial for property buyers, as it ensures their investment is safeguarded against unforeseen ownership issues that might arise after the purchase is completed.

In contrast, reducing property taxes, ensuring compliance with zoning laws, and increasing property market value do not fall within the scope of title insurance. These matters are typically managed through other processes and are not the focus of title insurance, which is specifically designed to address ownership-related concerns.