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Title insurance protects the buyer (policyholder) against loss or damage due to defects in the title. An example of a title defect could be a prior recorded mortgage, judgment lien, tax lien, environmental lien, notice of pending legal action, easement, restriction or burdensome covenant running with the land.

In Florida, title insurance is mandated. Both parties must have valid title insurance to transfer property from one party to another. The Florida law requires all real estate transactions to have a title insurance policy (owner's or lender's coverage policy).

To answer the question, is title insurance required in Florida, yes, at least in the case of a loan policy. An owner's policy is not required in the state of Florida, or in other states as well. As long as the lender is protected with a loan policy, you are free to go ahead with the closing.

Home title theft can have dire consequences ? but fortunately, homeowners can take several measures to protect themselves. Keep Track Of All Bills And Homeowner Mail. ... Check Your Credit Report Routinely. ... Get Title Insurance. ... Stay Educated On Common Scams.

There is no risk involved in giving copy of sale deed to any prospective buyer. Don't make any endorsement on photocopy.

While the answer varies from county to county, the seller usually pays for title insurance in Florida. The seller doesn't need the insurance for themself though; covering the cost of the buyer's title insurance policy is generally regarded as a gesture of good will.

Although owner's title insurance is not legally required in Florida, it should be one of the priorities of property buyers. Many buyers think having title insurance to protect the lender is enough, which is not true. The lender's title insurance policy does not protect the owner's right to the title of their home.