Tips for Shopping for Title Insurance
As a title agency, Title Partners of South Florida works with real estate agents, buyers, and sellers of homes. We have made it our mission to help everyone involved by making the title aspect of home ownership and home selling smooth, efficient, and easy.
We’ve been exploring title insurance in-depth so that you have a thorough understanding of what it is, if you have to have it, how much it costs, and why we think it’s a good idea to have it. Did you know in the state of Florida you can choose who you purchase title insurance through?
As the best title agency serving Broward County, Miami-Dade County, and Palm Beach County, Title Partners of South Florida offers Florida title search services and handles all of the loan closings and the title transfer process that is involved in a property transaction. In this blog post, we’ll take a look at tips for shopping for title insurance.
THE LAW IN FLORIDA REGARDING TITLE INSURANCE COMPANIES
In the state of Florida, you can choose the title insurance company and policy you wish. Title agents, title insurance companies, and even attorneys that are licensed to practice law in Florida can sell title insurance. While many homebuyers and home lenders, for that matter, don’t particularly care since in general all title insurance works the same, it’s an option nonetheless, and one you may want to take advantage of.
Furthermore, you have the right to choose your title agency as well. Many real estate agents have a preferred title company that they like and choose to use, but you may use any one that you wish. Remember, a Florida title company offers the following services:
- Performs a title search to ensure the homeowner can legally sell the property and that it is clear to do so
- Prepare the closing documents that will transfer ownership of the property (and the title) to the buyer
- Offers title insurance for both the lender and the buyer
- Closes on the real estate deal
- Distributes the appropriate funds accordingly
TIPS FOR CHOOSING TITLE INSURANCE
Understanding What You Are Paying For
Just like any insurance policy you would purchase, such as life insurance or auto insurance, insurance policies cover different items and at different prices. Title Partners of South Florida recommends that you understand what your title insurance covers since there could be different premiums involved with different coverage.
You want to purchase your title insurance from a reputable source. Often, your real estate agent is a great source of information, especially on the title insurance issuer that they prefer. You can also ask other title companies which title insurance company they use. Always remember that you may be able to have the seller cover title insurance if you are the homebuyer and vice versa. You also may qualify for discounts. Do make sure that your real estate agent does not have a financial interest in the title company they are using.
Pay Attention to the Details
Title Partners of South Florida understands that there are a lot of papers you will be signing at closing that are mostly full of legal jargon that you may have a hard time understanding. Your loan closing specialist is there to explain exactly what you are signing and its meaning and to answer all of your questions that you may have.
That being said, you should in the midst of the flurry of paperwork be sure to read your title insurance policy and make sure it covers what you need it to cover and what you agreed to when choosing your title insurance. In addition, make sure the policy describes your property and that there are no mistakes you can see.
CHOOSING TITLE PARTNERS OF SOUTH FLORIDA FOR YOUR TITLE NEEDS
Title Partners of South Florida understands that you have a lot on your plate when buying a home, from coordinating with your real estate agent to the physical packing up of your belongings and moving. However, it is in these moments that important items such as title insurance can be overlooked.
We understand that you have choices when it comes to choosing a title company for your title services. Our mission is to put our 100% effort into your title services and experience so it’s the best to date. When you leave here with the keys to your new home in hand, you’ll be ready to open a new chapter in your life, and we want to make sure your time here is quick, easy, and painless. From having activities for the kids to ensuring we have snacks, we want you leaving here with a big smile.
Our promise to you is that we will work hard during the entire home loan process to ensure our title search is thorough and accurate. We make sure that your home loan closing documents are correct and free from errors, and we do offer both lender’s and buyer’s title insurance options.
We offer our real estate agency partners a powerful software option that allows them to help speed up the closing process and helps them stay in contact with their clients. Through our post closing marketing system, your clients’ real estate documents will be available online for their convenience. In addition, targeted emails with your branded images are sent as well.
Title Partners of South Florida serves Broward County, Miami-Dade County, and Palm Beach County, appreciates every one of our customers, and hopes to make your home loan closing process the final hump to home ownership. Contact us today to get started!