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Your Home is Appreciating - Is your Owner's Title Policy?

Mon, Aug 08, 2016 at 4:40PM


When you purchased your home, the seller purchased (or you purchased, depending on the contract) an Owner's TItle Insurance policy which will reimburse you for any covered defects up to the value of the policy. 

An Owner’s Policy protects you and your property – your equity. It provides assurance that your title company will stand behind you if a covered title problem arises after you buy a home. With an Owner’s Policy, your title company will protect you from actual monetary loss or damage up to the face amount of the policy, plus it will cover the legal cost of defending your title in litigation for covered matters under the policy.

Suppose you house is worth more than when you bought it?

Whether you have been in your home for 5 years or 30, it’s a good idea to take a look at your Owner’s Title Insurance Policy on an annual basis and compare your home’s value with the face value of the policy (the price you paid when you bought it). If your home has significantly increased in value, you might consider contacting Southern Title to increase the limits of your policy. That way, if you have a claim in the future, that Owner’s Title Insurance Policy, will provide protection for the true value of your home, not what you paid for it years ago.


You’ve been in your home for 15 years. What could possibly come up?

  • Sometimes forged or fabricated documents that affect property ownership are filed in the public records, obscuring the rightful ownership to the property. Once these forgeries come to light, your rights to your home may be in jeopardy.
  • At the time of purchase, you may not know that a third party holds a claim to all or part of your property – due to a prior owner’s mortgage, unpaid judgment or lien, including a mechanic’s lien on new construction. Or there could be restrictions or covenants limiting your use of the property.


You get the picture. Whether you are buying the home of your dreams, moving on to your next phase in life, or refinancing to take advantage of lower interest rates, safeguarding your investment is your top priority – and ours, too.

With 8 offices in Florida, Southern Title is poised to serve you whether you are buying, selling, refinancing, or even increasing your Owner’s Policy protection. For more information, contact Lisa Blythe at 386.262.1231.






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