Title insurance is incredibly important, though few people understand its power. In fact, you might not even fully understand what title insurance can do for you. All you know is that it’s offered, but not required. Because people are already spending a lot of money on a home, they often try to stay away from additional expenses. However, At Expert Title Company, we would encourage you to avoid this decision. The reality is that title insurance can be very useful, should you ever need it. Title insurance protects you and your mortgage lenders from financial losses that can come when there is baggage tied to the title or the previous owner. In this article, we’ll dive in to what to expect from a title insurance company in Coral Springs, as well as what to know about title insurance. 

The 101 on Title Insurance from a Title Insurance Company in Coral Springs 

When you buy a home, you’re entering into an agreement between two people. You can add a third party into the mix, like a real estate attorney or title expert. They have the authority and information necessary to research the title in question, ensuring that there is nothing that could jeopardize you in the future. While they do their best to find any bits of dirt, the reality is that some of it is hidden quite well. During the years you decide to live in your home, you could be at risk for unexpected lawsuit fees or even losing your home, should you decide not to buy title insurance. 

Now that we know what title insurance is, let’s dive into what it can cover. A few examples are as follows: Imaging that you have a home. You’ve had this home for years. In fact, you’ve raised your children in this home, and many of your favorite memories have been made here. Now imagine that one day, you receive mail or a call, expressing that there’s an issue with your title, whether that be through fraudulent behavior, lost papers, incorrectly filed papers, and more. If you don’t have the appropriate protective barriers in place, such as title insurance, you could be looking at a very stressful path ahead. Though you’ve lived in this home for years, you might risk losing it or spending a pretty penny trying to keep it. A smaller example would be that a neighbor filed a request for a fence to be moved from their property. Because they’ve pressed charges on the property, those requests could then come to you. You would be responsible for picking up the previous owner’s slack. 

Title insurance averages out to about $1,000, according to the National Association of Realtors. Lending insurance is something that you must buy, while title insurance is optional. At Expert Title Company, we know that this can seem like an unnecessary buy. Yet, it’s far better to be safer than sorry. In other words, know that future you will thank you. It’s important that you get clear about final closing costs with your title insurance company to ensure that there isn’t anything you’ve left undiscussed. That way, when you’re ready to invest, you can make sure that you have all the finances you need to make your dreams come true. 

Contact the Professionals at Expert Title Company Today!

If you’re looking for a title insurance company in Coral Springs, you’re in the right place. At Expert Title Company, we’ve been in the industry for years, and we know how scary it can be trying to get all of your information in order. While it’s possible to do on your own, we highly recommend working with our team of experts to ensure that you can the proper care you deserve. In addition to title insurance, we also offer real estate attorney referral services, as well as assistance with real estate closings. We’re here to give you the peace of mind you’ll need, and we help to bridge the gap between where you are and where you want to be, which is with your dream keys in hand! Contact a member of our team today at 954-570-5959 to see how we can help you buy the home you love.