What Is Title Insurance When Buying a Home in Florida?
If you’re purchasing a home in Florida, one important part of the closing process you’ll encounter is title insurance. But what exactly is it, and why do you need it?
What Is Title Insurance?
Title insurance is a type of protection that ensures you have clear ownership of the property you're buying. It protects you (and your lender) from potential legal issues related to the property’s title—such as:
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Undisclosed heirs
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Forged signatures
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Recording errors
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Liens from unpaid taxes or contractors
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Boundary disputes
Unlike other types of insurance that protect against future events, title insurance protects against past problems that could affect your legal ownership.
Who Needs It?
In Florida, lenders require title insurance to protect their investment. This is known as a lender’s policy and is typically paid for by the buyer. While optional, it’s highly recommended that buyers also purchase an owner’s policy, which protects your personal ownership rights for as long as you own the home.
Who Pays for Title Insurance in Florida?
This depends on the county. In many Florida counties, the seller typically pays for title insurance, but in others—like Collier and Miami-Dade—the buyer often pays. Your Realtor or title company will clarify who is responsible based on your contract and location.
One-Time Cost, Long-Term Protection
Title insurance is paid once at closing and there are no ongoing premiums. It’s a small price for peace of mind, knowing your property rights are protected from hidden title issues.
Final Thoughts
Title insurance may not be the most exciting part of buying a home, but it’s one of the most important. In a state like Florida, where title claims can be more common due to older properties and unique land histories, having proper coverage can save you from costly legal battles down the road.
Thinking about buying or selling in Naples?
Protect your investment with a trusted local expert by your side.
📞 Call Brian J Giacomello at 239-281-5269
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