Oviedo Title Insurance Agency FAQ

What is Title Insurance?

Title insurance is insurance against loss resulting from defects in the title to real property. It protects the owner or lender’s financial interest in the property against defects against matters of the past. It will reimburse the insured for any monetary loss incurred, up to the amount of insurance. The premium is paid only once and remains in effect as long as the insured holds the title. Just as lenders require fire and casualty insurance, they also require title insurance to protect their interest in the collateral of loans secured by real estate. Our Oviedo title insurance agency can insure your home to put your mind at ease when purchasing a house.

Why should I buy Title Insurance?

One of the most important investments you’ll ever make is buying a home. You want to be able to enjoy the benefits of ownership and be able to occupy and use the property as you wish, free from any boundary dispute, liens, assessments, code violations, and the list goes on. Without a title insurance agency in Oviedo or your local area to protect your home, you may not be protected from errors in public records, unpaid taxes, unsatisfied mortgages, or mistakes made by prior searches by not finding hidden defects, all of which you could be held accountable for. Your owner’s title policy ensures that you will be defended against all claims and paid up to the amount of the policy to settle those claims. If you need Oviedo’s best escrow real estate services to protect against the errors listed above, call Cobblestone Title to get protection for your home.

What is included in a Title Search?

Our Oviedo title insurance agency’s services include a title search. A title search is a search of public records that determines whether the person selling the property has the right to sell it. The search begins with the current owner(s) and usually extends back in time for 30 years. Documents searched include deeds, court records, property and name indexes, judgments, liens, and assessments. Ownership interests, marital status, legal and mental capacity, judgments, and liens are examined for accuracy, completeness, and proper execution.