How long does title insurance coverage last?

Title insurance coverage lasts for the lifetime of the property owner. This means that once a property owner purchases a title insurance policy, the coverage remains in effect for as long as they own the property. This is particularly important because it protects the owner against any claims or issues that might arise regarding the title of the property, such as liens, defects, or disputes that occurred prior to their ownership.

The policy typically protects the owner throughout their ownership period and continues even after the mortgage is paid off, as long as they hold title to the property. This distinguishes title insurance from other types of insurance, which may require ongoing premiums or policy renewals.

In contrast, alternatives such as coverage lasting until the property is sold or for a fixed term like 10 years do not accurately reflect the nature of title insurance. It is specifically designed to protect one’s interests in the title of the property indefinitely while they are the owner.