What is a title insurance policy?

A title insurance policy is a type of insurance normally required when a property is being bought or sold in Florida. It helps protect against losses that may result from title issues. The policy is usually paid for by the buyer, but it can also be paid for by the seller. A title insurance policy covers things such as liens, unpaid taxes, and other issues that may affect the property title or the owner’s ability to sell the property. It also covers any inaccuracies found in the public records. The title insurance policy can help protect buyers and sellers if any dispute arises over the title to the property. If there is a dispute and the public records are inaccurate, the title insurer will investigate the issue and address the dispute. If the title insurer determines that there are issues with the title, the title insurance policy can provide coverage for the repair of the title. The title insurance policy also provides a buyer with assurance that the property is legally owned and can be sold without any issues. The title insurance policy is a one-time fee and provides peace of mind that any potential issues with the title to the property are covered.

Related FAQs

What level of disclosure do I have to make when selling real estate?
What is the difference between a real estate attorney and a real estate agent?
What are the laws governing landlord-tenant relations in my state?
What are the laws governing landlord-tenant relations?
What is the purpose of a HUD-1 form?
What is a right of first refusal?
What is adverse possession?
What is an easement in gross?
How do I obtain title insurance?
What is the role of a real estate agent in a real estate transaction?

What is a title insurance policy?

Related FAQs

Related Blog Posts