Home » How It Works » How Title & Title Insurance Works

The takeaway with title insurance is that past problems don’t have to be your problems.

Let’s get straight to the adulting. Here are three simple facts to help you understand title insurance.

  • null

    Title insurance protects you and the lender from title defects.

    A title defect could be a prior owner’s debts, liens against the house
    (like if the past owner didn’t pay a contractor and the contractor files a claim), or other ownership claims.

  • null

    It's not homeowner's insurance.

    That’s once you own your home. Homeowners’ insurance protects against future problems, like hurricanes or fire. Title insurance protects against past problems.

  • null

    You only pay for title insurance once.

    You pay for at least one policy. That’s your lender’s policy, which protects your lender (if you’re a buyer). Insurance coverage lasts for the life of the loan.

    The other policy is an owner’s policy. It’s optional, but we literally cannot stress enough how much you should get one. It lasts for as long as you or your heirs own the property, who pays for it depends on your county –– and you don’t really save money by skipping out on it (learn why here).

    This is a good deal for a one-time payment. Especially a one-time payment that includes a rebate that most Florida title insurers don’t bother to give you. It’s called the Butler Rebate, a discount on your title insurance, and it’s awesome.

Most closing agents don’t mention the Butler Rebate.
We give the Butler Rebate to you.

Now that you understand why you have to have title insurance, take a look at our easy real estate closing process or contact us to get started.

Ready to Close on Your Home?

Call us to get started: 954.607.1192 or email us at hello@simplytitle.com

administratorHow Title & Title Insurance Works