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Title insurance coverage lasts different lengths of time depending on the type and provider. With most insurers, the policy provides coverage for as long as the insured retains an interest in the property. Residential owner’s title insurance from FCT lasts forever, so you can still be covered for issues that come up after you sell.
Discover how title insurance from FCT protects your investment. Our real-life case studies illustrate how we cover fraud, title defects, survey errors, and more. See the difference title insurance can make in safeguarding your property.
Known title defects and other matters that were presented to you by the vendor or a home inspector before you purchased your property. The previous owner said the property was larger than it really is or neglected to advise you of issues with the property — vendor misrepresentation is not something the policy captures.
Jul 12, 2023 · First Canadian Title insurance (the company I order title insurance policies from) deals with known defects on a case by case basis. FCT underwriting will ask questions about the type of property, how long the encroachment has existed, whether anyone is aware of a complaint with respect to the encroachment and so on.
Nov 6, 2024 · Title Insurance Coverage Provisions: Under the FCT Insurance Company LTD. title insurance policy, insurance coverage was applicable (or potentially applicable) under the following policy provisions: 10. Your Title is unmarketable, which allows another person to refuse to perform a contract to purchase, lease or make a mortgage loan. 15.
Mar 30, 2023 · Direct coverage from FCT to direct claim coverage on issues up to $10,000, even without the issue having resulted in legal action. Property ownership can come with expensive risks, but it doesn ...
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Oct 10, 2023 · Every title insurance policy from FCT carries a duty to defend. That means that if someone claims an interest in your property, we take on the costs of defending your title, even going to court if necessary. Title insurance is valuable because it can cover losses thousands of times higher than what you paid for the protection.
