Title Insurance Largo

At the law offices of Kent Runnells, we provide a wide variety of personalized services to business clients, including assisting them in selecting the choice of organizational entity through which to operate, structuring the ownership and capitalization of such entity, negotiating and preparing business agreements, assisting in the sale and purchase of a business, obtaining financing and funding for business operations, and assisting in business succession or dissolution.

Contact us at (727) 726-2728 to arrange a consultation with a highly skilled business lawyer.

Title Insurance

The process of buying and selling real estate is a complicated procedure. One of the most important aspects of every real estate transaction in Florida is obtaining title insurance.

What to know about Title Insurance - The Basics:

When you are refinancing, or after you negotiate a contract for the purchase of real property, one of your next steps is to find a closing/title agent who will issue title insurance for your property. The purpose of title insurance is to eliminate risks of claims against the title to your property or the property that is being transferred to you. Because a standard title insurance policy serves only to protect against some potential losses and damages caused by problems relating to the ownership of the property, you should have and a lender will require you to secure additional coverage. Your title insurance agent will provide such coverage by issuing endorsements to your title insurance policy.

It is important to be careful as to whom you choose as your closing/title agent to issue your title insurance policy. You should solicit the services of an experienced title insurance attorney in this regard. There are many reasons to use a title insurance attorney, including the fiduciary duty owed to you to make known any discounts/credits to which you may be entitled; a title company might take advantage of your lack of knowledge of these discounts. Also, it is advantageous, in terms of time and expense, to have an attorney on your side in the event a legal issue arises when title is examined or if an issues arises at the closing of your transaction. And finally, title insurance attorneys understand and are familiar with local, tax and probate laws, providing the attorneys with the expertise necessary to advise their clients of the quality of title and to make a determination of what to include in a title insurance policy

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