As a homeowner in Jacksonville, Florida, knowing how to protect your investment is important. In this article, we will answer some frequently asked questions about title insurance, ensuring you have the knowledge to make informed decisions regarding your property.
Title insurance is one way that homeowners can protect their property rights from any potential issues that could arise after the purchase. It provides coverage against financial loss due to defects or claims against the property's title.
Title insurance consists of two parts: the owner's policy and the lender's policy. The owner's policy protects the homeowner's interest in the property, while the lender's policy protects the financial institution's investment in the mortgage.
At Atlantic Coast Title & Escrow, we’ll conduct a comprehensive title search to uncover any potential issues or defects in the property's history. If any issues are found, they are resolved before the insurance policy is issued. Once the policy is in effect, we’ll defend your rights as a homeowner in case of a claim against the title.
The cost of title insurance varies depending on the property's value and the policy amount required by the lender. Generally, it is a one-time fee paid during the closing process. It is recommended to consult with a professional Jacksonville title attorney to determine the specific costs involved based on your unique circumstances.
To navigate the complexities of title insurance, it's crucial to work with an experienced Jacksonville title attorney. Here are some tips to help you choose the right attorney:
Investing in title insurance is a wise decision that protects your property rights and provides peace of mind. To ensure a smooth closing process and comprehensive protection for your investment, work with a trusted Jacksonville title attorney at Atlantic Coast Title and Escrow. Contact our experienced team today to get started. Call us at (904) 853-5591.
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