Title insurance is an indemnity insurance that protects home buyers and lenders from financial losses caused by defects on a property’s title.

There are two types of title insurance:

LENDERS TITLE INSURANCE-Most lenders require their own title insurance as a condition of a mortgage loan. A lender’s policy only protects the lender from any financial loss from a problem with title. This policy does not protect the buyer.

OWNERS TITLE INSURANCE-this policy protects the buyer against financial loss related to a problem with title.

Both policies are a one-time cost for protection that protects you from any future claims on your title!

Title agencies are a neutral third party that researches and insures the title of the property you are buying. Some tasks in this process include title abstract, surveys, issuing title commitments, clearing exceptions to title, preparing loan documents, closing, dispersing funds and recording documents.

The total for a policy is contingent upon the type of policy, selected endorsements and any additional costs (such as surveys, recording fees, etc).

Florida Title Insurance Rates:
$0 to $100,000: $5.75 per $1000 (min $100)
$100,000 to $1 million: $5.00 per $1000
$1 million to $5 million: $2.50 per $1000
$5 million to $10 million: $2.25 per $1000
$10 million: $2.00 per $1000

Here are some issues that can be found on a property’s title:

• Liens
• Judgements
• Outstanding Mortgages
• Unpaid Taxes
• Restrictions
• Unknown Easements
• Undiscovered Encumbrances
• Boundary or Survey Disputes
• Errors in Public Records
• Illegal Deeds
• Missing Heirs
• Forgeries

Take No Risks

When you buy a property, make sure you’re protecting your investment with title insurance.

Only if you want to! Here at Roca Title we offer completely remote closings if that is what you prefer. Close from the comfort of your home, or hey, from the beach if you want!

Contact us for more details. We are here to make your life easier.