This brochure from The Financial Services Commission of Ontario provides information about Title Insurance
May, 2008 – Title insurance is an insurance policy that protects residential or commercial property owners and their lenders against losses related to the property’s title or ownership. The word “title” is a legal term that means you have legal ownership of property. You obtain title to property when the owner signs the deed (transfer document) over to you. Title is then registered in the government’s land registration system.
In order to explain more about this insurance product, the brochure includes information about:
- Do I Really Need Title Insurance?
- What Does Title Insurance Cover?
- What is “Title Fraud”?
- What Does Title Insurance Not Cover?
- Do I Need Extended Title Insurance Coverage?
- What are the Different Types of Title Insurance?
- What Types of Properties can be Insured?
- Residential Title Insurance
- How Do I Make a Claim?
- If You Have a Complaint
This brochure is available at the FCSO web site at http://www.fsco.gov.on.ca or directly at http://www.fsco.gov.on.ca/english/pubs/consumerbrochures/undstitins.pdf.
FSCO is an arm’s-length agency of Ontario’s Ministry of Finance. In addition to insurance, FSCO regulates pension plans, credit unions, caisses populaires, mortgage brokers, loan and trust companies, and co-operatives. More at http://www.fsco.gov.on.ca.