Title Insurance

Title Insurance

A type of insurance that insures either the buyer’s right to own and possess the property, or the lender’s security interest in the property. Typically the seller will pay for the buyer’s title insurance policy, and the buyer will pay for the lender’s title insurance policy.

In Washington, title insurance plays an important role in the transaction. The insurance company is responsible for making sure title is “clear,” meaning there are no liens on the property.