Simply Put, title insurance insures that there are no unforeseen defects or claims against the title to your property from the time your acquire title to the property.

Unlike other forms of insurance that charge ongoing monthly, quarterly or yearly premiums for unforeseen future problems, title insurance is a one-time charge that insures you receive a merchantable title when you purchase real estate.

In Colorado, the premium for the owner's policy is generally paid by the seller. The buyer typically pays for the mortgage policy and the lender required endorsements.

In the unlikely event a problem does arise the Title Insurance Company will defend the title according to the terms and provisions of the title policy.