Title Insurance Benefits

When we handle your transaction, we arrange to have a title insurance policy issued on your behalf.  Some of the major benefits of the policy are as follows:

1. Lower Cost. Title insurance usually costs less than one-third of what a new survey costs, but it gives the same protection to you against problems that might be shown by an up-to-date and accurate survey.
   
   
2. Best Protection. Title insurance protects you against fraud or forgery on prior registered documents, something that cannot be guaranteed in a lawyer’s Letter of Opinion.  Title insurance gives the best protection available.
   
   
3. Fast Closings. By doing away with certain searches, title insurance can enable buyers to close their deals quickly, with very little notice.
   
   
4. No Fault. Title insurance is “no fault” insurance.  You are protected whether the title problem arises from an error in the city’s records, an error in the land registry office’s records, or even an error made by your lawyer.
   

Cost Deferrals. Some title insurance companies offer buyers an option to postpone their closing costs (e.g. legal fees, land transfer tax, title insurance policy premium, etc.) for up to six months after the closing date