Its totally shocking how many people, in and out of the real estate industry, really do not know about the benefits of title insurance. Based upon the property value an average policy ranges between a very affordable $250-$350. Please note this is a ONE TIME premium.
To sum up quickly title insurance protects the property owner against losses associated with title fraud, survey issues, defects and challenges to your ownership. Unlike common insurance policies it provides protection on issues that not only happen in future but also defects that could have incurred in the past!
The most common issues are:
1. Municipal- by law changes, permits
2. Encroachment- sheds, laneways, garages
3. Fraud & Forgery
Feel free to call me to discuss title insurance and/or for any real estate needs you or your family & friends may have!