Title insurance is available to purchasers and lenders in residential transactions. In Canada , title insurance is often purchased for the following reasons:

• Survey Coverage
  Title insurance is acceptable to lenders in lieu of their survey / real property report requirements. Available faster and generally less expensive than a new survey, title insurance is becoming the solution of choice for satisfying this lending condition.
  
• Gap Coverage
  Title insurance allows transactions to close before documents are fully registered at the Land Title Office. By insuring against loss from other interests that may be registered against title before full registration occurs, title insurance provides smooth closings even for last minute transactions.
  
• Known Defects
  Certain defects such as encroachments shown on surveys or prior undischarged mortgages registered against title may be covered by title insurance. These are underwritten on a case-by-case basis. If it is determined that title insurance is available to cover loss from the defect, the transaction can close smoothly and on time.

For full coverage details, please refer to the Loan Policy Jacket or the Owner Policy Jacket.
For pricing details, please visit our quote generation page.