Title Insurance

Protect Your Investment. Whether you are a new homeowner or if you have owned your home for years, title insurance will offer you peace of mind that you can count on.

What does "title" mean?

When you buy a home, you are buying the title to the property. It is sometimes also referred to as a deed. This means that you own the property and your lawyer registers you as the owner in the land registry system. Having "good title" to your property is important because it protects your investment so that you will be able to sell your property in the future or obtain financing, such as a mortgage, against your home, if needed.

What is title insurance?

Title insurance is unlike any other kind of insurance. It is not house insurance which only protects the contents of your home or its structure and for which you have to pay a monthly or annual premium. Unlike house insurance, you only pay a one-time premium with no deductible.

Title insurance is distinctive in that it protects your ownership or title against losses incurred as a result of undetected or unknown title defects, for as long as you own your home. Even if you are the rightful owner of your home, there are instances such as real estate title fraud, when your title can come into question.

Top Benefits of Title Insurance

  • Fast and efficient closing process – title insurance will help ensure your transaction closes on time
    Survey coverage – protects against unmarketability (not being able to sell your property in the future or obtain financing against your home) as a result of defects that would have been disclosed on an up-to-date survey, Real Property Report or Location Certificate
  • Fraud and forgery – protection against fraudulently registered mortgages against your title
  • Duty to defend – the legal fees associated with resolving insured title issues will be covered
  • Building permit coverage – coverage for renovations completed without a permit that result in a loss
  • Zoning coverage – protection should a property not meet municipal zoning requirements
  • Competing interests – protection in the case of someone claiming an interest in your land; for example, an easement for a driveway or a builder’s lien
  • Problem solving/facilitates closings – they frequently provide coverage for known defects such as encroachments, delays in registration and zoning violations
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