A cross section evaluation of neutron induced reactions on 48Ti is undertaken using the Unified Monte Carlo-B (UMC-B) approach. The evaluation concentrates on estimating the covariance and the use of the UMC-B allows avoiding the deficiencies of linear regression brought by the traditional least squares method. Eight main neutron and charged particle emission reactions from n+48Ti in the fast neutron energy region below 20 MeV are studied in this work. The posterior probability density function (PDF) of each neutron cross section is obtained in a UMC-B Bayesian approach by convoluting the model PDFs sampled based on model parameters and the likelihood functions for the experimental data. Nineteen model parameters including level density, pair corrections, optical model and Kalbach matrix element parameter are stochastically sampled with the assumption of normal distributions to estimate the model uncertainty. The Cholesky factorization approach is applied to consider potential parameter correlations. Finally, the posterior covariance matrices are generated using the UMC-B generated weights. The new evaluated results are compared with the CENDL-3.2, ENDF/B-VIII.0, JEFF-3.3, TENDL-2021 and JENDL-5 evaluations and differences are discussed.