Title insurers work to identify and eliminate risk before issuing a Title Insurance policy while Casualty insurers assume risks. Casualty insurance companies realize that a certain number of losses will occur each year in any given category such as auto, fire, etc. The insurers collect premiums either monthly or annually from the policyholders to establish reserve funds to pay for expected losses. Title companies work in a significantly different manner. Title Insurance will indemnify you against loss under the terms of your policy. However, title companies work in advance of issuing your policy to identify and eliminate potential risks, protecting you from losses caused by title defects that were created in the past. Title Insurance also differs from casualty insurance in that the greatest part of the Title Insurance premium dollar goes towards risk elimination. Title companies maintain title plants that contain information regarding property transfers and liens that reach back for many years. Maintaining these title plants, along with the searching and examining of title, is where most of your premium dollar goes.