316 Canal Street

New Smyrna Beach,
Florida 32168

Business Hours

Monday - Friday
9:30 AM - 5:30 PM

Email

info@inlettitle.com
Contact us

Owner's Title Insurance

Why You Need Owner's Title Insurance

Owner’s title insurance is the ultimate property protection, providing peace of mind for what is often the largest financial transaction a buyer will ever make. If the property’s ownership is ever challenged, the owner’s title insurance policy will cover the legal expenses required to defend possession of the property for as long as it is owned by the buyer and subsequent heirs. Moreover, if a challenge to the property’s title proves valid, the owner’s title insurance policy will also cover any losses that occur.

Some of the hidden title risks that wold not be disclosed by even the most thorough title search include:

Legal Issues:

  • Forgery
  • Fraud in the execution of documents
  • Undue influence on a grantor of a deed
  • False impersonation by someone purporting to be the owner of the property
  • Misinterpretation of wills and trusts
  • Mental incompetence of a grantor of a deed
  • Transfer of title by a minor
  • Deeds executed under expired or false powers of attorney
  • Confusion due to similar or identical names
  • Dower or courtesy right of spouses of former owners

Record-Keeping Discrepancies:

  • Incorrect indexing of the land records
  • Unsatisfied claims not shown on the record

Documentation Errors

  • Errors in surveys
  • Incorrect legal descriptions
  • Non-delivery of deeds
  • Unsatisfied claims not shown on the record
  • Incorrect indexing of the land records
  • Clerical errors in recording legal documents
  • Delivery of deeds after the death of the grantor

Inheritance Complications:

  • Undisclosed or missing heirs
  • Heirs born after the execution of a will
  • Wills not properly probated