Title insurance in the United States  Title insurance in the
United States is indemnity insurance against financial loss from
defects in title to real property and from the invalidity or
unenforceability of mortgage liens. Title insurance is
principally a product developed and sold in the United States as
a result of the comparative deficiency of the US land records
laws. It is meant to protect an owner's or lender's financial
interest in real property against loss due to title defects,
liens or other matters. It will defend against a lawsuit
attacking the title as it is insured, or reimburse the insured
for the actual monetary loss incurred, up to the dollar amount
of insurance provided by the policy. The first title insurance
company, the Law Property Assurance and Trust Society, was
formed in Pennsylvania in 1853. Title insurance was created in
the United States by Benjamin Franklin and the vast majority of
title insurance policies are written on land within the U.S.
Typically the real property interests