Title insurance will pay for defending against any lawsuit attacking your title as insured, and will either clear up title problems or pay the insured’s losses. For a one-time premium, an owner’s title insurance policy remains in effect as long as you or your heirs retain an interest in the property or have an obligation under a warranty in any conveyance of it. Owner’s residential title insurance, issued simultaneously with a loan policy, is the best title insurance value you can get.By combining expertise in risk elimination at the time of issuing a policy, and protection against hidden risks as long as the policy remains in effect, your title insurer protects against title loss.