Can Title Insurance Ever Expire?

Many questions often arise when it comes to title insurace: is it a good idea to apply for? Can it ever expire? Let’s tackle the latter question first …

Owner’s title insurance policies are in effect as long as the property buyer or the heirs own the property. Any policy is still valid in case an insured title problem arises.

Sometimes, however, individuals are unsure about the details of their policy … including which company is their insurer! This is actually not entirely shocking. If you agreed to terms on your Florida home loan many years ago, you may have thrown this deed into a drawer and not given it any thought since that time.

Meanwhile, many title insurance companies have merged with others. One of the oldest and most reliable is First American Title Insurance Co. is - but home owners with title policies from insurers that are no longer around should contact their state insurance commissioner to determine what title insurer took over the defunct title insurer’s obligations.

The only issue is whether title insurance is even worth applying for. Only you can decide if the coverage you plan to take out on your Florida home loan is a good deal or not.