While Canadians are quick to list a decent mortgage rate, home insurance and a yearly furnace inspection as key considerations in helping them sleep better, when it comes to their home, many do not consider protecting their biggest investment with a title insurance policy.
Top Benefits of Title Insurance
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Fast and efficient closing process – title insurance will help ensure your transaction closes on time |
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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 |
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Fraud and forgery – protection against fraudulently registered mortgages against your title |
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Duty to defend – the legal fees associated with resolving insured title issues will be covered |
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Building permit coverage – coverage for renovations completed without a permit that result in a loss |
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Zoning coverage – protection should a property not meet municipal zoning requirements |
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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 |
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Problem solving/facilitates closings – we can frequently provide coverage for known defects such as encroachments, delays in registration and zoning violations |
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