Can Minneapolis title insurance be purchased after closing?

Purchasing a new home and keeping all the details straight are part of the Minneapolis home buying process. There is a whole list of items on you to-do list when it comes to having your documents in order for closing. One of the important to-do’s on your list is purchasing title insurance. If you’re wondering if you can purchase title insurance after closing, read on for information you can use.


What is the purpose of title insurance?

Title insurance was created as a result of a court case in 1868 more famously known as the Watson v. Muirhead case. Watson was the purchaser of the property and Muirhead was the seller. There had been a lien on the property but Muirhead did not disclose this fact to the buyer as his lawyer had informed him that the lien was invalid. The court decided that the purchaser should not suffer on account of professional mistakes and this gave birth to the concept of the first title insurance company in the world.

Lender vs. Owner Title Insurance


There are two types of title insurance. Lender title insurance ensures your lender has a valid, enforceable lien on the property and protects their investment of a mortgage. Your lender may require you to purchase lender’s title insurance for your mortgage. Owner’s title insurance, on the other hand, protect you as the new owner from any claims against the title once you’ve purchased your home.

What types of issues does title insurance protect you from?


Your title insurance can protect you from any unexpected claims against the title of the home you are buying. These can include:

  • Previous or undisclosed heirs

  • Unpaid taxes

  • Property line disputes

  • Contract liens from previous work

Any of these could stall you closing and, if proven valid, could prevent you from keeping possession of your property. You title insurance will cover court costs and other expenses related to clearing your title.

Can you purchase title insurance after closing?

The short answer is no. Your title insurance must be purchased at closing to ensure your title and property is protected.

If you’re ready to sign on the dotted line when it comes to closing on your home, title insurance is a key ingredient and we’re ready to help. Twin City Title has been serving Twin City families since 1996 with their title insurance needs.