2. What can make a title defective? Creditors claims, undisclosed heirs, incorrect
legal descriptions, forged deeds and satisfactions, to name a few.

3. How much does title insurance cost? The one-time premium is directly related
to the value of your home. Typically, it is less expensive than your auto
insurance. It is a one-time only expense, paid when you purchase the home,
coverage is based on your sales price. It continues to provide coverage for as long
as you or your heirs own the property.

4. Who pays for the title insurance? If you are refinancing your home, you will pay
for it. If you are buying or selling, it is governed by what your sales contract
says.

5. What is re-issue credit? At the present time, we can give you re-issue rate credit (it makes your title insurance cheaper) on a sale, if you have owned the home less than 3 years and can give us a copy of your prior Owners Title Insurance policy. On a refinance, it doesn’t matter how long you have owned the property, so long as you provide us with a copy of your prior Owners Title Insurance Policy.

6. Does a title company have to be licensed in order to do business in Florida? Yes

7. Do title company employees have to be licensed? Yes, at least one has to be licensed.

8. Do title companies have to carry liability insurance? Yes, it is called Errors and Omissions Insurance.

9. Do all closings take a long time? No. We at Pinellas Park Title Co., do everything in our power to make sure your closing goes as smooth as possible. We get many compliments on how efficient our closing process is.

10. If I am a buyer, do I have to bring a cashiers check to closing? Yes

11. Do I need to bring my identification to closing? Yes. We require one picture id, which can be a driver’s license, state identification card or passport. They cannot be expired.

12. What if I can’t attend my closing because I live out of state? We will either e-mail you or overnight you all the documents you need to sign with specific instructions on how to execute everything properly.

13. Who is your underwriter? Old Republic National Title who has been insuring American households for nearly a century.