About Florida Title and Guarantee

About Title Insurance

What is a Title?
A title is the foundation of ownership and the basis of your right to possess and use property.


Why Do I Need Title Insurance?
Because land is permanent and can have many owners over many years, it is crucial that ownership is clear and free of outstanding claims. There are a thousand different things that could hinder your investment – errors in the public record, mistakes in examination, false affidavits, secret marriages, undisclosed heirs, etc. – but only one way to protect and eliminate our risk is Title Insurance.
Title insurance plays a major role in making certain home ownership is safe and secure for as long as you own your home. It also helps close the deal smoothly. Experienced title experts, such as Florida Title and Guarantee Agency, have research capabilities that can determine the condition of a title quickly, thus allowing a prompt commitment to insure you against claims of ownership. With a commitment to insure, closing times become minimal, and for buyers seeking the attractive terms and interest rates that government-backed loans offer, title insurance helps a buyer qualify since it is a requirement for all loans offered by lenders.


What Kind Of Policies Do I Need?
There are two different types of policies – a loan policy protects the mortgage company’s interest in the property as security for the outstanding balance of the buyer’s mortgage (this is why all loans require title insurance). The owner’s policy safeguards the buyer’s investment or equity in the property up to the face amount of the policy. And thanks to Florida Title and Guarantee Agency’s financially prudent simultaneous issue program, you can purchase both policies at the same time and enjoy substantial savings.


How Much Does Title Insurance Cost?
Title insurance offers so much for so little. Charges vary in different regions of the country, but generally cost about one percent (1%) or less of less of the value of the property. Unlike other insurance premiums, title insurance is paid one time only, and is included in your settlement closing costs.