Do I need an Owners Title Insurance Policy?
Most definitely! Title Insurance is a means of protecting yourself from financial loss in the event that problems develop regarding the right to ownership of your property. There may be hidden title defects that even the most careful title search will not reveal. In addition to protection from financial loss, Title Insurance pays the cost of defending against any covered claim.
How will Owners Title Insurance protect me?
Some common examples of problems covered by an Owners Title Policy include:
- Improper execution of documents
- Mistakes in recording or indexing of legal documents
- Forgeries and fraud
- Undisclosed or missing heirs
- Unpaid taxes and assessments
- Unpaid judgments and leans
- Unreleased mortgages
- Mental incompetence of grantors on the deed
- Impersonation of the true owners of the land by fraudulent persons
- Refusal of potential purchaser to accept title based upon condition of title
What can make the Title to my home defective?
When you purchase your home, you take title to your property. Any number of problems that remain undisclosed after event the most meticulous search of public records can make a title defective. These hidden defects are dangerous indeed because you may not learn of them for many months or year. Yet they could force you to spend substantial sums on a legal defense and still result in the loss of your policy.
How much does Title Insurance cost?
The one-time premium is directly related to the value of your home. Typically, it is less expensive then your annual auto insurance. It is a one-time only expense, paid when you purchase your home. Yet it continues to provide complete coverage for as long as you or your heirs own property.
Bella Title has the most attentive staff there is in our county as far as title is concerned. Beth is amazing and so knowledgeable, they are who I trust my clients with and know they will get the best care.
Amazing! Bella Title handled the closing for my moms house when I was serving as her guardian! This was not an easy transaction however Bella Title ensured that it went smooth for all parties!
I have been working with Beth LaBella for almost 10 years. She is such a pro, I have trusted her with my own personal transactions. Anytime I am asked who to use locally, its always Bella !
Best title company in Brevard County. Trust them with your closing!
Beth and Frank know more about title and closings then anyone in the business! If you want happy buyers and sellers...this is the place!!
Love everyone at Bella Title ...Best in the Business always take care of my clients at the highest level even in the most challenging deals.