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Should I Obtain Title Insurance for my Property in Howard County, Maryland?

If you are considering transferring the title to your property in Howard County, Maryland, you may be asking whether you should obtain title insurance. Understanding the role and benefits of title insurance can help you make this decision.


Title insurance is designed as a safeguard against potential issues that may arise with your property’s title. Essentially, it provides protection for both lenders and owners in the event of an unforeseen legal challenge, dispute, or defect in the property title.


There are two types of title insurance: 1) Lender’s Title Insurance, which if often required by lending institutions, protects lenders’ interest in the property; and 2) Owner’s Title Insurance, which protects the buyer’s investment and ownership rights.


In most real estate transactions, lenders require the borrower to obtain lender’s title insurance. Owner’s title insurance, on the other hand, is a discretionary choice. It involves a one-time payment at closing and protects the policyholder and their heirs for as long as they have an interest in the property.


When making this decision, it is important to consider the risk factors associated with your property’s title. If there are concerns about prior liens, undisclosed heirs, or other title defects, securing title insurance is a prudent choice. Another benefit to obtaining title insurance is that it can enhance the resale value of your property. Knowing that the title is protected may make the property more attractive to potential buyers.


Deciding whether to obtain title insurance is a nuanced choice that often benefits from professional advice. As always, we suggest consulting an experienced real estate attorney who can provide guidance.


For a free, confidential conversation to discuss title insurance or any aspect of property title transfers, contact Maryland real estate attorney Stephen J. Reichert at 410-299-4959 or


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