Title Insurance. Do I Need It?

Title insurance is important when purchasing a home because it protects you and your lender against any issues that may arise with the ownership of the property. These issues could include:

Undiscovered liens or encumbrances:

There may be undisclosed debts or claims on the property that you are not aware of. Title insurance can protect you from having to pay these debts or from having to defend against a claim on the property.

Errors or omissions in the public records:

The public records that show the ownership history of a property may contain errors or omissions. Title insurance can protect you from any problems that may arise due to these errors.

Fraud or forgery:

In rare cases, the seller or someone else may have fraudulently transferred ownership of the property. Title insurance can protect you if it is later discovered that the seller did not have the right to sell the property.

In summary, title insurance provides financial protection in the event that any issues with the ownership of the property arise after the sale. It is an important consideration when purchasing a home and can provide peace of mind and security for both buyers and lenders.

Title & Escrow Companies in Miami:
Sunny Title
Allied Title