What is the primary benefit of title insurance for a buyer?

The primary benefit of title insurance for a buyer is that it offers a guarantee against title defects. Title insurance protects the buyer from potential claims that may arise due to issues like liens, encumbrances, or ownership disputes that were not discovered during the title search. This means that if a defect in the title is found after the purchase, the title insurance company will cover any legal fees or losses up to the policy amount, effectively safeguarding the buyer's investment in property ownership.

The other options do not accurately reflect the main function of title insurance. Reducing property tax liabilities pertains to tax assessment rather than title protection. Providing protection against future regulations relates to zoning and land use laws, which are not covered by title insurance. Facilitating renovations and construction involves securing necessary permits and compliance with regulations, which is unrelated to the protection title insurance offers concerning ownership rights and title accuracy.