Whenever I am going through an estimate of settlement charges with a client I always describe title insurance as being “one of the most widely held and least understood” insurance policies out there. In a real estate transaction, title insurance protects the buyer and the lender from any deficiencies to the title of the collateral property. In this week’s Economist magazine this article appears in the finance & economics section and explains how title insurance works for a piece of art. If you want to better understand title insurance I would recommend you read it.