Understanding Title Insurance

[Brandon Snyder]

Hey all, thanks for looking into my forum question.  I appreciate it.

I'm taking a real estate class at UCLA.  It's a good class with a good teacher, but the textbook doesn't provide much context.  That's where I'm hoping you all would come in.

I'm trying to wrap my head around title insurance.  I know it's a very good idea to have it (although not required by law) but I'm not sure I understand it.

In what instances would Title Insurance come into effect?  Specifically, what money losses could occur that Title Insurance would give you money for?