Title insurance is a term you hear often in real estate – in the Sunday real estate section, in advertisements, and in conversations with your agent or lender. But if you’ve never really needed to think about it before, it’s worth understanding why nearly every transaction requires it.
What could go wrong with a title
Even a thorough public records search can miss problems – a forged signature decades ago, an heir who was never properly accounted for, a lien that was paid but never officially released. Any of these can call your ownership into question after closing.
What title insurance does
An owner’s title policy protects your equity if a covered title defect surfaces after you own the home, covering legal defense costs and financial losses up to your policy amount.
A one-time cost, lasting protection
Unlike most insurance, you pay the premium once at closing, and the policy protects you for as long as you (or your heirs) hold an interest in the property.
Questions about your title insurance options? Call Dockside Realty at 850.225.9785 or email christine@docksiderealtyinc.com.