© 2006 Keys Title Company: Title Insurance & Escrow Services for Real Estate Closings in Greater Miami Florida

Title Insurance

Title insurance will protect possibly the most important purchase of your life - your home, or other real property. For a one time premium, title insurance protects hidden defects in title and the possibility of undisclosed interests of others in your property. Title insurance covers the ownership of your property for as long as you or your heirs own the property or have obligations under a warranty deed when the property is sold.

What Title Insurance Protects Against

• Forged instruments
• False impersonation of the true owner of the property
• Claims of unknown or missing heirs
• Documents executed by minors or incompetent persons
• Taxes and municipal liens
• Documents signed by only one spouse
• Liens for estate and inheritance taxes
• Clerical errors
• Incorrect legal description
• Lack of or improper signatures, witnesses or notaries
• Liens of contractors
• Misinterpretation or failure to find title defects by the examiner
• Fraud

Lender's Title Insurance Does Not Protect The Buyer

The loan policy protects only the interest of the lender. It does not protect the buyer/borrower. An owner's title insurance policy can be purchased at the same time as the lenders policy for a small fee when the property is purchased.

Additional Survey Coverage

A survey determines the correctness of the legal description, street address, that the improvements are within the property lines and that there are no encroachments or easements undisclosed by the public records.

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