Under this arrangement the owner cannot will, sell, or mortgage his share to anyone but the co-owners. Tenancy by the entirety exists only between husband and wife in ownership of real property. Both have an undivided interest in the property. If one spouse dies, the surviving spouse becomes sole owner, and none of it passes to the decedent's heirs or under his or her property held in this type of ownership. This type deed allows a surviving spouse to sell property quickly if this must be done.
Title insurance protects the owner in case there is a flaw in the title.
This is not the same as an abstract. The premium is paid only once and is in force as long as the owner has the property. Such insurance is usually sold by abstract companies. This is a particularly good protection in areas of the state where mineral rights have been sold. Proof of unusual deductions that might cause suspicion of fraud should be kept indefinitely.