What Is Not Covered in an Owner’s Title Insurance Policy?

When you are buying a home, the last thing you want to worry about is title insurance. You are likely already stressed out enough! That's why it's important to know what is and isn't covered in an Owner's Title Insurance Policy. In this blog post, we will discuss four things that are not typically covered in a standard policy. This way, you can be sure to ask your title company about these items and make sure you are fully protected.

Mold Problems

One common issue that is not covered in a standard title insurance policy is mold. If you find mold in your home after you close on the property, you will likely be responsible for the cost of removal and repairs. Be sure to ask your title company about their policies regarding mold coverage.

Damages from Weather or Natural Disasters

Another thing that is typically not covered in a standard title insurance policy is damages from weather or natural disasters. If your home is damaged by a hurricane, for example, you will likely have to pay for the repairs out of your own pocket. Be sure to ask your title company about their policies regarding weather and natural disaster coverage.

Pest Problems

Another common issue that is not covered in a standard title insurance policy is pest problems. If you find termites or other pests in your home after you close on the property, you will likely be responsible for the cost of removal and repairs. Be sure to ask your title company about their policies regarding pest coverage.

Defects That Arise After You Purchase the Property

One final thing that is not typically covered in a standard title insurance policy is defects that arise after you purchase the property. If you find a defect in your home comes up after you close on the property, you will likely be responsible for the cost of repairs.

These are just a few of the things that are not typically covered in a standard title insurance policy. Be sure to ask your title company about their policies regarding these items so that you can be sure you are fully protected. Title Partners of South Florida is one of the leading title companies in the state. We've been in practice since 1995 and have seen pretty much everything. Contact us today to learn more about our services and how we can help you with your next real estate transaction!