Article contentClosing costs may also include title insurance, a one-time purchase that protects you from certain problems with the legal ownership (or ‘title’) of your home. It can cover issues like unpaid liens, fraud, survey mistakes or someone else claiming a right to your property. Your lawyer arranges it for you during the closing process and once you buy it, it lasts for as long as you own the property. Most lenders require it for mortgages, but even if yours doesn’t, it’s strongly recommended because it can save you from big costs and headaches in the future, Ownright says.