Real Estate Lawyer | Sarasota, FL, Bradenton, FL | Wyckoff Law Firm, P.A.
At Wyckoff Law Firm, P.A., we represent clients who understand that it is quite prudent to retain the services of a real estate attorney when buying, selling, leasing, or otherwise dealing with their Florida real estate. Our firm also provides services to out-of-State clients who wish to complete a real estate transaction in Florida and who can benefit greatly from having the counsel of an experienced Florida real estate lawyer because they are generally unfamiliar with the laws of the State of Florida.
Unlike other forms of insurance, title insurance is only paid once – it is not paid annually.
When you purchase a home or other real estate, it will most likely be one of the biggest financial investments that you will make during your lifetime. As such, it is commonly understood in the real estate industry that title insurance is the single most important thing you can purchase to protect your investment in your real property. You do not want problems with your real property that arose in the past when other people owned the property before you purchased it to cause you distress and cost you moneyafter you have purchased it and are using it for your purposes.
A title insurance policy is your only real and certainly your best protection against potential title defects which can remain hidden and undiscovered despite the most thorough search of the public records and the most careful escrow and closing settlement processes. For a one-time payment of your title insurance premium, your title insurance policy underwriter agrees to reimburse you for insured losses that you may sustain due to defects that existed prior to the issue date of your title insurance policy up to the policies insured amount which is customarily the price you paid to purchase the property in the case of an owner’s title insurance policy. In addition, should you need it, your owner’s title insurance policy also covers the cost of legal expenses needed to pursue your covered claim or defend title to your property against covered claims made by others against you.
To schedule an appointment with an attorney, please call 941-795-6565 today.
Leave a Reply
Want to join the discussion?Feel free to contribute!