Residential Title insurance provides the
broadest protection available for
homebuyers
against title and survey
defects. It also simplifies the
closing
process, is simple to order and there
are no hidden costs or policy issuance
fees.
Buyers who
protect themselves with title insurance
will find comfort in knowing they can
secure financing more quickly and
proceed with moving plans with increased
certainty that the transaction will
close.
Title insurance:
-
Eliminates the need for an
up-to-date survey/real property
report/building location certificate
-
Eliminates the need for many
off-title searches
-
Reduces liability, minimizing risk
-
Insures over many known defects
-
Provides protection for loss or
damage incurred as a result of
matters arising during the
registration “gap”
-
Simplifies the process, reducing
time per file and saving the client
money
It also protects
against losses arising from:
-
Defects in 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 a
survey
-
The
absence of certain off-title
searches
