ELI5: Explain Like I'm 5

Title insurance

Title insurance is a type of insurance policy that helps protect you if something is wrong with the title to a piece of property you recently bought. It helps make sure that you won't lose the money you paid for the property if there is a problem with its title. For example, if somebody else claims they own the property or if someone else has a lien on the property. Title insurance provides a guarantee that you won't be held responsible for these problems.