A title agent is trained to identify the rights others may have in your property, such as recorded liens, legal actions, disputed interests, rights of way or other encumbrances on your title. Before closing your transaction, the title company “clears” those issues. Although a thorough search of the records is made before the transfer of property, fraud, unforeseen events and human error make 100 percent risk elimination impossible. A mortgage lender will require you to purchase title insurance to protect the lender’s investment, but Lender’s Title Insurance does not protect you. Owner’s Title Insurance is one of the most important and affordable protections you can buy. For a one-time fee paid at closing, it protects you for the entire time you own the home.