Title Insurance, for many, is one of those things where you’ve heard of it but aren’t really sure what it does cover or if it’s worth investing in.
Well we are here to fill in all of those blanks for you!
– WHAT IS TITLE INSURANCE? –
Title insurance is a policy that protects property owners & their lenders ( also known as the mortgage provider) against losses related to title or ownership.
– DO YOU REALLY NEED TITLE INSURANCE? –
While it is not a requirement to have title insurance in Ontario, deciding if & what type of insurance you could obtain should be discussed with your lawyer, mortgage broker & insurance provider.
– WHAT DOES TITLE INSURANCE COVER? –
For the one-time premium (read fee), you may be covered for:
– WHAT DOESN’T TITLE INSURANCE COVER? –
(Pay close attention to your specific policy for clarification)
Of course there is a free download (CLICK HERE) to find out more about:
• Extended title insurance,
• Owner’s vs. Lender’s Policy,
• Types of coverage,
• how to make a claim, etc.
We want to leave you with some final tips:
Thank you for stoping by — we are always available to help with your real estate questions, so please don’t hesitate to ask!
– Keeping it Genuine –
Your Realtors,
The Edwards Team Of Todd Real Estate Ltd., Brokerage