Title Insurance – The Simple Way to Protect Your Home Ownership
When you purchased your home, your lawyer, real estate professional or builder may have suggested that you consider purchasing a title insurance policy to protect your right of ownership in real property. It’s an effective and inexpensive way to ensure that one of your largest investments – your home – is protected.
If real estate title fraud occurs – a trend that is growing in Canada – the onus is on the homeowner to prove the crime, in spite of recent changes to legislation in Ontario. Resolving this situation can be very costly, financially and emotionally. For a one-time premium, title insurance covers all legal expenses related to restoring a title and is available to existing homeowners long after they have purchased their properties.
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