Buying a home is one of the most significant investments you’ll ever make. And in Florida’s complex real estate landscape, that investment needs protection—particularly when it comes to your property’s title. Title insurance is a one-time purchase that protects your ownership rights from past issues that may not surface until after closing.
Here are ten critical things every buyer should understand about title insurance in Florida:
- It Protects Against Past Ownership Issues
Title insurance doesn’t protect you from future problems—it guards against past defects in ownership. This includes forged signatures on deeds, unknown heirs, unpaid property taxes, or fraudulent transfers. - There Are Two Types of Policies
The lender’s title policy which is required if you’re financing the purchase,but that policy protects the lender—not you. An owner’s title policy is what shields your personal investment in the property. - It’s a One-Time Fee, Not Recurring
Title insurance is not like homeowners or car insurance. You pay a one-time premium at closing and you’re covered for as long as you own the home. - Title Searches Are Not Foolproof
Even a diligent title search can miss certain risks—such as forged documents or misindexed public records. Title insurance covers these gaps. - Coverage Extends to Legal Fees
If someone sues you over a title issue, your policy may cover court costs, legal fees, and financial loss—up to the full purchase price of your home. - You May Be Able toChoose Your Title Insurance Provider
In someFlorida counties, the buyer selects the title insurance company. This means you have the right to shop around for the best rates and service. - Florida Real Estate Is High-Risk for Title Claims
With a high volume of foreclosure resales, probate properties, and complex ownership histories, Florida sees more title insurance claims than many other states. - You Should Know What’s Excluded
Not all policies are equal. Standard policies might not cover zoning violations or survey issues. - It’s Not Just for Buyers—Investors and Inheritors Need It Too
Anyone acquiring property—through purchase, inheritance, or auction—should secure title insurance to protect against legal claims and ensure clear ownership. - It Gives You Peace of Mind at Closing
Ultimately, title insurance means you don’t have to worry about a knock on the door years later claiming someone else owns your property.
Strang Tryson’s Take: We don’t just glance at your title documents—we dive deep. Our attorneys are often able to catch and resolve title issues long before you get to the closing table. Whether you’re a first-time buyer or a seasoned real estate investor, having legal counsel review your title insurance documents can save you from massive headaches (and legal fees) down the road.
