No. Title Insurance insures against events which happened in the past that affect title to the property. Other types of insurance protect against events in the future. Specifically, Title Insurance protects the Insured against loss resulting from previously unreported land title defects insured against, such as forgeries, claims by missing heirs, recording errors, etc.

Also, should a claim against the title to property require legal defense, the title insurance company will work with the Insured to provide for the legal defense of the title and to pay the cost of the defense, even if the costs exceed the face amount of the policy. This is true regardless of how many claims are brought during the life of the policy.

Property/casualty insurance protects the property owner against future events which might adversely affect the value of your property, such as fires, floods, etc. It is written for a fixed term for which the company receives a stated premium. At the end of this period, premiums are due again and may increase or decrease in line with the company's loss experience.

On the other hand, for a title insurance policy, only a one-time premium is charged for the risks that are assumed and carried over the years during the lifetime of the Insured.