When was the first title insurance policy issued in the land now occupied by the United States?

The first title insurance policy issued in what is now the United States occurred in the late 1800s. This period marked significant developments in real estate transactions and property ownership within the country. Title insurance emerged as a safeguard against potential disputes over property ownership, providing protection for homeowners from claims against their title.

Prior to the establishment of title insurance, property transactions largely relied on abstract records and personal assurances, which left buyers vulnerable to unforeseen issues relating to ownership rights. The introduction of title insurance created a more secure environment for buyers and lenders, thus facilitating the growth of the real estate market. This innovation set the foundation for the extensive title insurance industry we see today, which continues to play a critical role in real estate transactions.