The word “title” is a legal term that means you have legal ownership of property. You obtain title to property
when the owner signs the deed (transfer document) over to you. Title is then registered in the government’s land registration system.
Title insurance is an insurance policy that protects residential or commercial property owners and their lenders against losses related to the property’s title or ownership
There are a lot of resources available to understanding Title Insurance and the links below can provide a good read for you to understand and compare different title insurers.