Title insurance offers financial protection to individuals against title problems that could potentially not be found in the public records, and are inadvertently missed in the title search process or that may arise from fraud or forgery. It will assist the examiner, or closing agent, to determine if there are fraudulent conveyances, unpaid taxes, unreleased liens against the property or problems with the legal description being conveyed. With a title insurance attorney, Crystal River residents are less likely to be affected finally.
Are There Different Types of Title Insurance?
There are two different types of title policies. One is called a lender policy and other is known as owner policy. If you take out a mortgage, then most likely, the lender will require such protection for an amount equal to the loan. As with all mortgage insurances, they protect the lender but the borrower will pay the premium, which is a one time single payment made upfront, at the time of the purchase or refinance. The coverage will continue for the life of the loan but once the loan is paid in full and released, the coverage under the policy will stop. With the help of a title insurance attorney, Crystal River can get everything taken away so they are not at fault no matter the situation.
Can I get Even More Coverage to be Safe?
There are so many different aspects of your estate and property that can be covered by a title insurance attorney. Crystal River residents can get some of these coverage’s:
-Building Permit Violation Coverage
-Restrictive Covenant Violation Coverage
And much more! No matter what the situation is, you can find a lawyer and a coverage for your property and assets. You do not have to do this alone, try using the information and legal advice that a title insurance attorney can offer.
*Disclaimer: The views expressed here are those of the authors and do not necessarily represent or reflect the views of Jhonston & Sasser, P.A*