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Title insurance is a form of indemnity insurance predominantly found in the United States which insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans.
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You understand the benefit of car insurance and homeowners insurance, but chances are you've never thought about title insurance until you started the process of buying a house. What is title insurance? It's a policy that insures that you won't have any unknown claims made to the ownership of your home.
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2. Why do I need Title Insurance? Title Insurance protects the equity in your home. For a low one-time premium your home will be protected against It protects against defects in the title to your home and places that burden on the insurance company. The Florida Department of Financial Services…