What is the difference between title insurance and homestead declaration?

Title insurance protects property buyers and lenders from potential losses due to defects in the property title, such as liens or ownership disputes, ensuring clear ownership. In contrast, a homestead declaration is a legal document that protects a homeowner's primary residence from certain creditors, often providing tax benefits and safeguarding the home from being seized in bankruptcy. While title insurance focuses on title integrity, a homestead declaration emphasizes homeowner protection and financial security.