When property is purchased, the property title is transferred from the seller to the buyer. The property title serves as the legal proof of your ownership. Obtaining title insurance in Boca Raton is highly recommended to protect your assets.
The purpose of title insurance is:
Title search:when you buy title insurance in Boca Raton, the insurance company will conduct a search through public records to see if there is any other recorded claim on the property. Doing this will help you to determine any defects in the title of the property.
Protecting your investment:Even after a thorough search, claims on the property title can still arise. If this happens, title insurance will protect you against future claims made on the property.
Securing a lender: If you plan to apply for a loan, the lender will require title insurance. Title insurance also protects the lender’s investment in the property.
All in all, investing in property can prove to be a smart financial decision. With a large investment comes high risks for liability, so it’s important to protect your assets and money with title insurance In Boca Raton.