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your home and
looking to move up?
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Outgrown
your home and
looking to move up?
Click here for special report.

9c. Hire a Legal Professional: Title Insurance Tips

Here is a list of tips that you may consider when purchasing title insurance:

  • Read your insurance policy carefully to understand exactly the protection you are buying.
  • Make sure you understand whether you will need to pay a deductible to make a claim.
  • Before you make a final decision, ask about exclusions and exceptions (the items that are not covered).
  • Provide your lawyer or the insurance company with everything you know about the property, For example, make sure he or she is told if it has a major amenity, such as a pool, which isn't on a property survey.
  • Inform your lawyer at the beginning of the transaction that you wish to purchase title insurance. This insures maximum cost savings and a smoother closing.
  • Shop around for the best title insurance policy. Check to see if the title insurance company offers additional value-added features such as resale home warranties, deferral of closing costs, discount coupons on related goods and services, or home closing services as part of its services.
  • Check with the insurance regulating bodies to ensure the company meets regulatory standards.
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available for loan to all past and present clients!

Don't hesitate to call as Garage Sale season and spring cleaning starts in Toronto. More Toronto spring cleaning tips here.

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