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What does title insurance cover? Expert advice from a title company in Miami with 15+ years experience

Title insurance

What does title insurance cover specifically? This is common question from buyers before they start the closing process.

Title insurance covers a new owner for any title defects or potential claims from the past. Unlike most insurance, it is “retroactive” as it protects a buyer from defects or issues in the past up until their date of closing.  This one time expense provides a buyer peace of mind knowing many steps have been taken as per the title commitment  issued to the agent in order to search and eliminate title risks that may be present.  A few examples of issues addressed at closing are : Mortgages are paid off, taxes are collected,  code violations are rectified and paid off, open permits are closed, credit card judgments are paid off are a few example.

Here are a few examples examples of what title insurance covers:

  • forged deeds
  • insane or competent deed signings
  • deed by minor
  • unauthorized corporate /partnership deed
  • deed following judicial foreclosure
  • probate sales
  • vendors liens
  • non released satisfaction of liens.

What does title insurance cover? Here is a complete list of 59 Reasons To Buy Miami Title Insurance

Find out  What does a title company do ?

Please contact us at 305-271-0100 or info@theclosingcompany.net for a complimentary contract analysis or with any questions.

Disclaimer: The Closing Company, Inc. is not a law firm and is not providing legal or tax advice in this post.  For legal advice, please consult with a licensed Attorney. For tax advice, consult with a Certified Public Accountant