What is the main role of title insurance in relation to marketable title?

The main role of title insurance is to guarantee ownership is uncontested. Title insurance provides protection to property owners and lenders by ensuring that the property title is clear of any encumbrances or issues that could affect ownership rights. This means it defends against claims that may arise from defects in the title, such as liens, disputes over property boundaries, or issues stemming from prior ownership. When a buyer purchases a title insurance policy, they are essentially securing their ownership against any potential challenges to the title that may arise in the future, thereby ensuring that their ownership is not only recognized but also legally protected.

The other roles suggested in the incorrect options—ensuring property taxes are paid, protecting against market changes, and confirming zoning compliance—are not the primary functions of title insurance. While it is essential for property owners to be aware of tax obligations and zoning laws, these aspects are generally covered through separate escrow processes or due diligence, not through title insurance itself. Title insurance specifically focuses on the legitimacy and security of ownership rights associated with the property title.