Title Insurance

What Does Title Insurance Cover?

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

  • Title Fraud
  • Unknown title defects (title issues that prevent you from having clear ownership of the property);
  • Existing liens against the property’s title (e.g. the previous owner had unpaid debts from utilities, mortgages, property taxes or condominium charges secured against the property);
  • Encroachment issues (e.g. a structure on your property needs to be removed because it is on your neighbour’s property);
  • Errors in surveys and public records; and
  • Refer to the Title Insurance Policy for full details of coverage, exceptions and exclusions

What is “Title Fraud”?

Title fraud (or real estate title fraud) is a form of real estate fraud that harms individual homeowners and their lenders. Title fraud typically involves a fraudster using stolen personal information, or forged documents to transfer your home’s title to him/herself (or an accomplice), without your knowledge. The fraudster then gets a mortgage on your home and disappears with the money.