There are many important factors to consider when buying a home. One of the most important is making sure that your property is properly insured. This includes purchasing title insurance. Title insurance protects homeowners from any financial losses that may occur as a result of title defects on their property. In this blog post, Title Partners of South Florida will discuss four of the most common questions about title insurance.
What Is Title Insurance?
Title insurance is a type of insurance that protects the homebuyer and lender from financial losses that may occur as a result of title defects on the property. The policy is typically issued by a title company or an attorney.
How Much Does Title Insurance Cost?
The cost of title insurance varies depending on the value of the property, the type of policy, and the state in which the property is located. In most cases, the buyer pays for the title insurance policy at closing.
What Is a Title Search?
A title search is an examination of the public records to determine the ownership history of a property and to identify any liens or encumbrances on the property. The title company or attorney will perform a title search before issuing a title insurance policy.
Can I Complete My Closing Digitally?
Yes, you can! With the help of a qualified title company or attorney, you can complete your closing digitally. This means that you can sign and notarize your documents online without having to meet in person.
If you have any further questions about title insurance, please contact us at Title Partners of South Florida. Our team is filled with experienced people that can help you get peace of mind regarding property titles. We would be happy to answer any of your questions and help you through the process of insuring your property.