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  • Cheryl Hartwick - Broker

Insurance Types: Mini Series Part 4


Title Insurance


It is an insurance policy that protects residential or commercial property owners and their lenders against losses related to the property’s title or ownership.


It can also simplify the closing process for your lawyer, thereby saving you time and money.


The word “title” is a legal term that means you have legal ownership of property. You obtain title to a property when the owner signs the deed (transfer document) over to you. All property title information is available on the government-run Land Registration system.

ᴡʜᴀᴛ ᴅᴏᴇꜱ ᴛɪᴛʟᴇ ɪɴꜱᴜʀᴀɴᴄᴇ ᴄᴏᴠᴇʀ?

For a one-time fee, called a premium, a title insurance policy may provide protection from such losses as:

Unknown title defects that impact your ownership of the property

Existing liens against the property’s title, such as unpaid debts secured against the property by a previous owner, including:

📌 Utility bills

📌 Mortgages

📌 Property taxes

📌 Condominium charges

Encroachment issues (e.g. a structure on your property that encroaches on your neighbour’s property)

Errors in surveys and public records

Other title-related issues that may affect your ability to sell, mortgage, or lease your property in the future

Title fraud


ᴛʏᴘᴇꜱ ᴏꜰ ᴛɪᴛʟᴇ ɪɴꜱᴜʀᴀɴᴄᴇ ᴘᴏʟɪᴄɪᴇꜱ;


There are two main types of title #insurance policies:

Owner’s Policy: Protects you from various title-related losses listed in the insurance policy. An owner’s policy sets a maximum amount of coverage.


Contact a professional.


Or reach out for a referral.

📧 cheryl.hartwick@mortgageedge.ca


Information directly form

Title Insurance


It is an insurance policy that protects residential or commercial property owners and their lenders against losses related to the property’s title or ownership.


It can also simplify the closing process for your lawyer, thereby saving you time and money.


The word “title” is a legal term that means you have legal ownership of property. You obtain title to a property when the owner signs the deed (transfer document) over to you. All property title information is available on the government-run Land Registration system.

ᴡʜᴀᴛ ᴅᴏᴇꜱ ᴛɪᴛʟᴇ ɪɴꜱᴜʀᴀɴᴄᴇ ᴄᴏᴠᴇʀ?

For a one-time fee, called a premium, a title insurance policy may provide protection from such losses as:

Unknown title defects that impact your ownership of the property

Existing liens against the property’s title, such as unpaid debts secured against the property by a previous owner, including:

📌 Utility bills

📌 Mortgages

📌 Property taxes

📌 Condominium charges

Encroachment issues (e.g. a structure on your property that encroaches on your neighbour’s property)

Errors in surveys and public records

Other title-related issues that may affect your ability to sell, mortgage, or lease your property in the future

Title fraud


ᴛʏᴘᴇꜱ ᴏꜰ ᴛɪᴛʟᴇ ɪɴꜱᴜʀᴀɴᴄᴇ ᴘᴏʟɪᴄɪᴇꜱ;


There are two main types of title #insurance policies:

Owner’s Policy: Protects you from various title-related losses listed in the insurance policy. An owner’s policy sets a maximum amount of coverage.


Or reach out for a referral.

📧 cheryl.hartwick@mortgageedge.ca



Information directly form

https://www.fsrao.ca/consumers/how-fsra-protects-consumers/property-and-other-insurance/understanding-title-insurance



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