Title Insurance protects against financial loss that could result from discovery of a previously unknown title defect or ownership rights. Defects range from an unreleased mortgage, tax liens, forged documents, unknown heirs, or even clerical error. Ownership rights can be missed or mis-represented due to forgery, fraud or defects in the public record. These findings can disrupt the free and clear standing of an owner’s title rights to the property. Defects can lead to litigation, leaving the owner exposed to the costs and fees associated with any proceedings, as well as risking loss of rights in the property.