Why You Should Have Title Insurance for Your Home | Expert Title Company

For most homeowners, getting to the closing table is the ultimate goal. This means that your dream of homeownership is becoming a reality. But before you get to the closing table, you’ll need to complete a few steps along the way. When you and your lender sit down at that closing table, you’ll want to be as well-versed as possible in your real estate transaction. This is for your own protection should anything arise that could hinder your ability to purchase the property. One of the main things you’ll need to do when you’re buying a home is to purchase a title insurance policy from a respected title insurance company like Expert Title. Since early 2002 we have been helping people realize their dream of homeownership in South Florida communities. Trust us to help you purchase title insurance in Deerfield Beach. Title insurance will protect you against anyone who might lay claim to the property or any legal issues during the home buying process.

What are the different types of title insurance?

There are two main types of title insurance that you should be aware of:

1.  Owner’s title insurance: this type of insurance protects you (the property owner) if someone comes along after you buy the house, lays claim to it, and decides to take legal action against you.

2.  Lender’s title insurance is also known as private mortgage insurance, which protects your lender and compensates them for any losses.

What is the most important thing to be aware of when you purchase title insurance?

One crucial aspect of title insurance is the peace of mind it brings you. Knowing you are protected if any legal claim to the property arises can be a huge weight off your back. If you’re a first-time homebuyer, you might think that title insurance works similarly, like health or life insurance. Do you pay a monthly premium, and your house is protected? No, in this case, title insurance is unlike health or life insurance, because it offers a low, one-time buy that covers you for however long you own your property. Whether you own a home or property, title insurance in Deerfield Beach is something you will want to purchase to protect your property or business property from any claims or legal issues that may arise. Even if you pay cash for your property, you should still plan to buy an owner’s title insurance policy to protect yourself against any claims that might crop up. Perhaps a previous owner of your property suddenly appears out of the blue and decides to contend your ownership. This is where your title insurance company would step in and handle any legal dispute in court. They would be responsible for any losses and costs incurred form a court case. 

What does an owner’s title insurance policy cover?

Your owner’s title insurance policy will be your saving grace and protect you if any of the situations below happen to crop up, such as:

•           A person other than you claims they own an interest in the property

•           Fraud, undue influence, duress, incompetency, incapacity, or impersonation

•           Defective recording of a document

•           Covenants that are restricted

•           Discovery of undisclosed liens due to a deed of trust, unpaid taxes, special assessments, or homeowner association charges

•           An unmarketable title

•           Limited or no access to and from the land

Choose the best title insurance company in Deerfield Beach

To obtain title insurance in Deerfield Beach, trust the experts at Expert Title Company. We are a top licensed South Florida title insurance company with years of experience and knowledge offering expert guidance to make the right decisions about all of your home or commercial property needs. Our team of exceptional processers and attorneys always have your best interests in mind. Call us today at (954) 570-5959. 

We are here to help with a quick turnaround in most cases for all the documents you need. We are taking all precautions for COVID-19.