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Tip: Do You Know The Importance Of Title Insurance Coverage?

Title insurance protects the insured against loss or damage due to title and survey defects. It can eliminate the need for costly searches and satisfies lender requirements. Title insurance streamlines the conveyance process and enables real estate professionals and lawyers to close transactions faster, more securely and usually at less cost to their clients compared to traditional methods.

For the payment of a single premium, title insurance commonly stays in force as long as the insured retains an interest in the property. Policies can be purchased your Lawyer any time prior to the closing of a purchase transaction. Title insurance is available for both residential and commercial properties.

Title Insurance Protects Against:

  • unmarketability of title
  • defects in the title
  • invalidity or unenforceability of the insured mortgage
  • priority of certain construction liens
  • fraud or forgery
  • defects that would have been revealed by an up-to-date survey
  • survey errors or illegibility of survey
  • the absence of certain off title searches
  • lack of access from a public road

For your continued peace of mind, call or e-mail us to handle your real estate needs.

 

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Steven Porter ABR
Salesperson/Accredited Buyer Representative
Direct: 905-875-2582, Office: 905-338-9000
e-Mail: steven@stevenporter.ca

RE/MAX Aboutowne Realty  RE/MAX.com  RE/MAX O/A   MLS.ca OMDREB

 

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