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- Title defects Our wealth of knowledge allows us to be flexible and offer coverage for a wide array of title defects, such as charges or liens that could affect the title to your customer’s property.
fct.ca/products/title-insurance/legal-professionals
What covered risks does title insurance protect against? Title insurance covers three main types of issues: title, off-title and transactional. Coverage varies from province to province, but you can always check with FCT to make sure you understand where you are and aren’t covered. Title issues. Problems with your property’s clear ownership.
- What’s covered by title insurance?
Your title insurance policy is meant to protect your clear...
- FAQ
FCT’s title insurance covers a range of issues, including:...
- What’s covered by title insurance?
Sep 26, 2024 · Your title insurance policy is meant to protect your clear title to your home. It can cover you against losses from risks that no other type of insurance can, for as long as you have an interest in the property.
FCT’s title insurance covers a range of issues, including: Unforeseen defects on your title. Negligence or errors made by your lawyer or notary while registering the title of your property.
Jul 12, 2023 · FCT is also able to usually provide enforced removal, limited marketability coverage for a homeowner as well. This means that the homeowner would be fully covered by FCT if during their period of ownership they are forced to remove the encroachment.
Nov 6, 2024 · Title Insurance Covers Building Defects. The recent Breen v. FCT Insurance, 2018 ONSC 3644 (CanLII) case is illustrative of the breadth of coverage afforded to Ontario homeowner’s through title insurance. In that case, John Breen purchased a cottage in 1999.
Mar 30, 2023 · Title insurance indemnifies against losses from three types of issues: title, off-title and transactional. Title insurance coverage varies from province to province.
People also ask
Does FCT offer title insurance?
Does FCT cover title fraud?
How long does FCT title insurance last?
What does FCT's commercial title insurance cover?
Does title insurance cover defects in a property?
How do I make a claim with FCT title insurance?
Oct 10, 2023 · That is why FCT’s commercial title insurance covers up to $5 million in post-policy losses from fraud. Without that protection, it can be difficult or even impossible to recover any part of your loss from a fraudster registering a mortgage on your property or transferring its ownership. 2. Gap coverage.
