Title Insurance is important to have when it comes to buying and selling real property in Florida. Read below some of the benefits of title insurance and click the button below to get started on a quote today.
Learn more about Title Insurance!
Title insurance is a way to protect yourself from financial loss and related legal expenses in the event there is a defect in title to your property that is covered by the policy. Title insurance differs from other types of insurance in that it focuses on risk prevention, rather than risk assumption. Title insurance also differs in that it comes with no monthly payment. It’s just a one-time premium paid at closing.
Hidden defects are dangerous because you might not learn about them for months, or even years, after purchase, even after the most meticulous search of public records. Common examples of risks covered:
The one-time premium that you’ll pay for a title insurance policy varies by state, but generally is related to the value of your property. Click on the Instant Title Insurance Quote button above to estimate how much your title insurance policy may cost you or your clients.
Title insurance is a way to protect what is likely your largest investment—your home. An Owner’s Policy provides peace of mind that your title company will stand behind you if a covered title issue or defect arises after you have bought your home. With title insurance, title examiners review the history of your property and seek to eliminate title issues before the purchase occurs.
An Owner’s Title Policy is designed to protect you from covered title defects that existed prior to the issue date of your policy. If a valid claim is filed, your Owner’s Policy, subject to its terms and conditions, will cover financial loss up to the face amount of your policy.
A Lender’s Policy provides no coverage to the homeowner. A Lender’s Policy insures that your lender has a valid, enforceable lien on your property. Most lenders require borrowers to purchase this type of insurance policy to protect their investment.
Source: Old Republic Title ©, 2021.