Once you’ve found your dream home in Florida, there are many details to put into place – and one of the most important details is making sure you’re protected with title insurance.
Having a title insurance policy protects you from risks that come with purchasing property. Having a policy protects you from paying out-of-pocket for legal expenses related to your new home.
Problems with property could include situations like:
If there are any errors in your new property’s legal record, title insurance will protect you from loss and potential lawsuits. Title insurance also protects you from any problems that may be found within public record.
Along with your coverage, there are even more benefits that come with having title insurance. These benefits include:
If you take out a loan to purchase a property, your lender will encourage you to purchase title insurance in order to protect you from missing heirs, unknown lienholders, fraud, and forgery. Reducing these risks provides peace of mind that you can’t get with anything besides title insurance.
A buyer’s worst nightmare is closing on their new property only to find out that there are issues with the title after the deed is done. With title insurance, a title company like Heights Title will review your documents and point out any issues before they become unmanageable. This speedy notice gives you time to negotiate with lenders or contractors before moving forward.
Title insurance speeds up transactions related to buying property – you won’t have to worry about a drawn-out closing process. When the deal is done, you could be the official owner of your new property in less than a day.
Many buyers in Florida choose to invest in title insurance because it protects them from losses they could incur due to flaws in the property’s title or ownership. If there is an error in your title report, having not been reviewed by a title company, that could hinder your ability to sell or refinance your home in the future.
Title Insurance in Florida
Having title insurance protects you from unnecessary losses related to your new property. Get in touch with us at Heights Title today to talk about investing in coverage for your new Florida home.