What is the main purpose of title insurance fees?

The main purpose of title insurance fees is to protect ownership of the property. Title insurance provides a guarantee that the title to the property is clear of any encumbrances or legal issues that could affect ownership. When a property is purchased, the title insurance policy protects the buyer and the lender from any disputes related to the title that might arise after the purchase. This includes issues such as liens, easements, or claims against the property that were not discovered during the title search. By paying title insurance fees, property buyers ensure they have the legal protection needed to defend their ownership rights against any potential future challenges.

Other options relate to aspects of real estate transactions, but they do not capture the primary purpose of title insurance, which is specifically about securing and protecting property ownership.