Title Insurance = Peace of Mind in the South Florida Real Estate Market

Purchasing one of the South Florida homes for sale is probably the single biggest investment you will ever make. Before closing on the South Florida real estate, you'll want to know that no other individual or entity has a right, lien or claim to the property in the Fort Lauderdale real estate market.

Determining that your rights and interests to one of the South Florida homes for sale are clear is the business of a title insurance company that deals in the South Florida real estate market.

For a modest, one-time title insurance premium, you will receive continuous title insurance protection in an amount equal to the purchase price of the property in the South Florida real estate market or its current market value. This premium typically includes your "owners" policy as well as the "lenders" policy.

One of the marked advantages of title insurance is that prior to a policy being issued, the title insurance company completes extensive research into relevant public records, maps and documents to trace ownership of the Fort Lauderdale real estate property and determine if anyone other than you has an interest in the property. Through its research, the title insurance company can usually identify any title problems that may arise and have these problems cleared-up prior to closing.

Your title insurance owner's policy will describe the property and outline any recorded limitations on your ownership. It will also set forth the title insurance company's responsibilities should any claim covered by the policy terms arise. Typically your title insurance will protect you from loss:

• if someone contests your title in legal action (the title insurance company will defend the title at no expense to you),

• or if there is a title defect that cannot be eliminated (the title insurance company will protect you from financial loss up to the amount of the policy).