Talk of The Villages Florida - View Single Post - Any Reason for Owner's Title Insurance on New Construction?
Thread: Any Reason for Owner's Title Insurance on New Construction?
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Old 11-22-2022, 08:21 AM
Babubhat Babubhat is offline
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Quote:
Originally Posted by TCRSO View Post
As a Florida Attorney, my opinion is that you do not need insurance when purchasing a new home in TV. The title policy protects you from title issues. However, if there are title issues you also have a claim against the transferor (assuming you acquired the property by warranty deed). Obviously TV is solvent so if there is a problem, you should have no problems. Of course if it makes you feel safer, that is your choice.
Pyrrhic victory. Legal fees to enforce will exceed the cost of title insurance. Risk vs reward is out of balance