Title insurance protects a homeowner when the condition of title is different than is stated in the policy. It protects you from prior defects in title that remain undisclosed even after the most careful title search. That is what makes title insurance so important! Title insurance differs from most other types of insurance in two key ways. Title insurance has a one-time-only fee, paid upfront. Unlike other insurance that protects from events that may occur in the future, title insurance covers defects that have happened in the past. Most defects are uncovered during the review process. However, the Chain of Title can be very complex.