Purchasing a home is an exciting venture and after making the choice to do so, you want the peace of mind knowing that your investment is protected.

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Title Insurance is an insurance policy issued by an insurance company which provides broad coverage against many risks when buying a home. For example, title insurance can provide coverage for the following title issues for residential properties:

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❖ Outstanding work orders;

❖ existing liens against the title;

❖ violations of municipal zoning by-laws;

❖ encroachments onto an adjoining property (other than fences and boundary walls);

❖ realty tax arrears;

❖ outstanding municipal utility charges, provided such charges form a lien on title;

❖ existing work orders; and,

❖ fraud, forgery and false impersonation to the extent they affect the validity of title.

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The premium is only paid once and is included in our legal fees and disbursements. Title insurance has no deductible, so the premium is truly a one-time fee. Coverage is valid for the entire time the homeowner holds title to the home.

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At our law office, subject to credit approval, title insurance is obtained on every purchase or refinance transaction.

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Title Insurance is still an option. However, when financing a purchase or when refinancing, title insurance is often a bank requirement.