Gap Period Title Insurance
Title insurance covers the gap period by extending protection from the commitment date through the recording date. This ensures buyers are protected against defects arising in the window between title search and document recording.
How Coverage Works
- ALTA policies include gap coverage between commitment and policy dates
- Gap endorsements explicitly extend coverage
- Title company may provide separate gap indemnity
- Insurer bears the financial risk of gap-period defects
Commitment vs. Policy
- Commitment: Reflects title as of search date (before closing)
- Policy: Protects buyer as of recording date (after closing)
- Gap coverage: Bridges the difference between the two dates
- Policy "relates back" to commitment but extends through recording
Cost
Typically included in the standard Florida title insurance premium without additional charge. Enhanced coverage or extended gap periods may incur separate fees.
Related Terms
- Evidence of Title — Title commitment and policy
- Encumbrance — Defects covered during the gap
- Closing — Gap period starts at closing
Barnes Walker Title Services
Barnes Walker Title includes comprehensive gap period coverage in every Florida title insurance policy. Submit a title inquiry for assistance.
Florida Law Reference
Fla. Stat. § 627.7711
Regulates title insurance rates, forms, and practices in Florida. Title insurance premiums are promulgated by the Florida Office of Insurance Regulation.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC