There are a number of reasons why a person might want to purchase title insurance from a company that works with title settlement in Naples, FL. People have actually lost land after fire because of problems with titles. Just because a structure is completely destroyed doesn’t mean that a person should lose their land because of mistakes with the title. Also, insurance can help protect a person if forgery is ever tied to the title. For example, an owner can be protected if a deed associated with the title is a forgery.
The reasons for getting title insurance from Omega Title Group or another company that does title settlement in Naples, FL don’t stop there. What if a property’s title has a tax lien placed against it? Such a scenario could happen with estate taxes and heirs. Heirs can also appear unexpectedly when it was presumed that they were deceased. There are also times when children who people didn’t know about appear to make claims on a property. When people end up in court battles over issues associated with titles, the attorney fees and court costs can really add up. With the right title insurance policy, those costs are covered.
It’s important for people to understand just how valuable title insurance can be. Believe it or not, there have been title issues because the person who signed the mortgage or deed wasn’t old enough to legally do so. Documents signed by people who are legally incompetent aren’t worth a thing. Those with insurance can be reimbursed for their losses if it is ever discovered that a person who wasn’t legally competent to sign documents was somehow involved with the mortgage or deed. When people are ready to sell their properties, having title insurance can actually help to speed things up. The same can be said when a person is trying to transfer the title to a family member.
Insurance is something that helps to protect a person when the unexpected happens. Unfortunately, some individuals don’t think much about title insurance, and they end up paying the price. A property owner can’t afford to not have title insurance.
