Most types of insurance protect you against events that could happen in the future—but title insurance is all about protecting you from events that may have already occurred. Title insurance protects both lenders and homebuyers against competing claims which could undermine, jeopardize, or challenge established ownership of a property. Determining who needs to be listed on your title insurance varies state-by-state—in some places, your spouse may be entitled to legal ownership rights of the property. Even if your spouse is a non-borrower on the mortgage debt itself (meaning they have no financial responsibility in the transaction) you may still need to include them on the title insurance if they are listed in the vesting on the title report.
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