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Title Insurance definition:
the insurance that protects both the lender and the homeowner (borrower) against loss resulting from any defects in the title or claims against a property that were not uncovered in the title search, and that are not specifically listed as exemptions to the coverage on the title insurance policy.”
Source: www.lawyerintl.com/law-dictionary/law-dictionary.php

Let’s face it, many issues can come up that you may not even be aware of when buying a home.
House insurance protects your home’s contents, but title insurance protects your ownership to the property and protects you from the following issues that could arise:

  • Fraud – fraudulently obtained mortgages on your home
  • Errors in surveys or other official public records
  • Encroachment onto neighbouring properties
  • Zoning infractions
  • Other unforeseen issues that could affect your ability to sell your property in the future

Title insurance is a one-time fee. As your real estate lawyer, GCY works with First Canadian Title www.firstcanadiantitle.com to protect one of the most important investments you may make.

Click below for more background information on title insurance:
  First Canadian Title pdf

 
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