Who Needs Florida Title Insurance?
Everyone who purchases residential or commercial property in the state of Florida needs title insurance. For most of us, the largest single investment we will ever make will be in our home. Florida title insurance for homebuyers protects that investment in ways similar to homeowners and flood insurance, but there is a difference. While the threat of fire or flood is easy to see, threats to a title can be invisible—even to seasoned real estate professionals. Many don’t know that when they purchase a home, they’re not actually buying the land or property— they’re buying the title on it. That title represents their right to occupy and use that home. But that right could be hindered by claims made by others against the property, potentially costing very large sums of money to resolve. And the good news— you only have to buy it once.