The infographic, “Why You Should Buy Title Insurance in Boca Raton,” describes the benefits of title insurance. Title insurance is a form of indemnity insurance that protects against any financial losses from defects in title to real property.Title insurance can also defend against a lawsuit attacking the title of a property.
Title insurance serves as legal proof of ownership and describes your rights to the land and any limitations. Additionally, title insurance gives you the “legal services coverage,” which protects you if your lawyer makes a mistake during the buying process. It is a way to verify that a property is free and clear from seller to buyer.
Overall, title insurance provides protection. Unlike other insurance policies that require consequent payments, title insurance requires a one-time fee at the time of purchase. For more information, refer to the below infographic.