What does title insurance provide for property owners?

Title insurance offers essential protection for property owners by covering losses that may arise from defects in the title or claims against the property. This type of insurance safeguards against issues such as undisclosed liens, ownership disputes, or mistakes in the public records that could affect ownership rights. When a property owner obtains title insurance, they receive assurance that if a problem were to arise regarding the title after the purchase, the insurance would cover the legal costs and any losses incurred due to these issues.

In contrast, the other options focus on aspects that title insurance does not cover. The insurance does not protect against property taxes or natural disasters, which are typically addressed by other forms of insurance or financial planning. Likewise, assurance of property appraisals does not fall under the purview of title insurance as it relates more to the valuation of property than to ownership rights or potential claims. Hence, the primary function of title insurance is to ensure that property owners are protected from potential title-related issues.