Title companies are nothing new in the real estate industry. But do you understand their function and how vital they are to your clients?

Title insurance is the inverse of other insurance coverages. Instead of assuming risk, title insurance companies eliminate the risk with a one-time payment, assuring the homeowner maintains the title as owner of the property. Title companies defend homeowners against any lawsuits attacking the title or if there is a covered loss, they will compensate them for the amount of the policy.

Learn how title companies defend homeowners and why they are so important to the real estate transaction in the July issue of Texas REALTOR®.