Title Insurance in Costa Rica: Is It Worth It?
Title insurance is not common in Costa Rica but is available and can provide peace of mind for foreign buyers. Companies like Stewart Title Latin America offer policies for Costa Rica property.
What Title Insurance Covers
- Defects in the title not discovered during due diligence
- Forged documents in the chain of title
- Boundary disputes
- Undisclosed liens or encumbrances
- Legal defense costs if title is challenged
When to Consider It
- High-value properties ($300,000+)
- Properties with complex title history
- Rural properties where boundaries may be disputed
- When you want extra peace of mind as a foreign buyer
Cost
Typically 0.5-1% of the property value as a one-time premium. For a $300,000 property, that's $1,500-3,000.