What is the primary benefit of title insurance for buyers?

The primary benefit of title insurance for buyers is that it protects against loss due to defects in title. Title insurance provides coverage for issues that may arise from previous ownership or claims against the property that were not disclosed or discovered during the closing process. These issues can include undisclosed liens, fraud, errors in public records, or mistakes in the surveying of property boundaries.

By having title insurance, buyers can have peace of mind knowing that their investment is protected from potential legal disputes or financial losses arising from defects in the title. This coverage is particularly crucial because such issues can lead to significant financial liabilities or even the loss of ownership of a property.

Understanding this aspect of title insurance is essential for buyers, as it plays a critical role in safeguarding their legal ownership and financial interests in real estate transactions. Other options mention aspects like property taxes and property value appreciation, which are not directly covered by title insurance, thus highlighting the focused protection that title insurance offers against title defects.