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Title insurance
- At FCT we offer innovative processing solutions and title insurance for every stage of the real estate lifecycle.
Title insurance keeps everyone involved in a real estate transaction protected from risks like title fraud and other unforeseen issues. Whether you’re a property owner, legal professional or lending professional, we have a policy that’s built with your unique needs in mind. Learn more.
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Calgary, Alberta. 639 5th Avenue South West, Suite 1420...
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The ultimate guide to title insurance for property owners....
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Residential title insurance: 905.287.3122 / 1.866.804.3122...
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The services company does not provide insurance products....
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The services company does not provide insurance products....
- Lending Professionals
Title insurance helps protect you from financial losses...
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Insurance by FCT Insurance Company Ltd. Services by First...
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Insurance by FCT Insurance Company Ltd. Services by First...
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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.
Title insurance uses a one-time premium, not a monthly or annual premium like most other types of insurance. The amount will depend on the purchase price and location of the property, approximately $150–$800 in the case of title insurance from FCT. Premiums can vary by provider, but so can coverage.
- What Is Title Insurance?
- Is Title Insurance Worth It?
- What Does Title Insurance Protect Against?
- How Can Title Insurance Protect Against Fraud?
- How Much Is Title Insurance?
- Do I Need Title Insurance For A Condo?
- Is Title Insurance Mandatory?
- How Long Is Title Insurance Good for?
Title insurance is a type of indemnity insurance policy that protects the holder against losses from issues around a property’s ownership—its title. Title insurance is available for residential and commercial property owners (owner policies), as well as for lenders (loan policies). This article covers residential title insurance. Title insurance is...
Yes, title insurance is always a worthwhile investment. For a low upfront cost, it can cover potentially massive losses. A title insurance policy covers costly and unpredictable risks, and in some scenarios is the only recourse you and your clients may have. It’s important to have that protection in place. It also helps cut down on further off-titl...
Title insurance indemnifies against losses from three types of issues: title, off-title and transactional. Title insurance coverage varies from province to province. You can always check with your provider to make sure you understand where your clients are and aren’t covered.
As more stories of title fraud and its consequences break in the media,industry players and news outlets are urging homebuyers to get title insuranceas it’s the best and most affordable protection against fraud. Why purchase title insurance? It comes down to two reasons, each tied to one of the two main types of title fraud: 1. If your client’s tit...
Title insurance uses a one-time premium, not a monthly or annual premium like most other types of insurance. The amount will depend on the purchase price and location of the property, about $150–$800. Premiums can vary by provider, but so can coverage. Many insurance companies focus their claims process on finding reasons to deny claims—FCT’s polic...
Absolutely. A condo unit still has a title, and is vulnerable to fraud. Some risks, such as survey issues, are less likely than in a freestanding home, but other risks are actually worse in a condo. 1. Condo corporations can issue mandatory fees called special assessments (also called special levies) to cover shared expenses like repairs. An improp...
Title insurance isn’t required by law, but every client needs it to keep their investment properly protected. Title risks are expensive and often impossible to see coming. For example, if the property your client is closing on is being sold to them fraudulently, they’ll be on the hook for the full mortgage with no home to show for it. Title risks a...
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 your clients can still be covered for issues that come up after they sell. Reside...
Every title insurance policy purchased from FCT includes what is called “the duty to defend.” What this means is that if the insured’s interest in the property is ever challenged due to a covered risk, FCT will defend the insured and will pay costs, legal fees or expenses that result.
Mar 4, 2023 · FCT. significantly less costly; costs sometimes covered by lender for a new mortgage; able to offer additional flexibility in meeting dates/times; provides insurance to protect lenders against various risks, such as title defects, liens, and fraud; one fee for all payouts (mortgages/loans/cards) Lawyer. faster than FCT if in a time crunch; more ...
People also ask
Does FCT offer title insurance?
Does FCT offer insurance?
How long does FCT title insurance last?
Should you buy or sell a property with FCT title insurance?
Why should you join FCT?
Does FCT cover title defects?
Dec 12, 2022 · Whether a company is purchasing and mortgaging properties or refinancing existing properties, FCT offers premium reductions to make title insurance a cost-effective option. On purchase transactions involving financing, there is a significant reduction in premium on the second policy(2) when the owner’s and lender’s policies are issued together.
