Toronto, ON (Jul. 25, 2013) – Assurance LAWPRO has partnered with Hub International Québec Limitée, a leading insurance broker, who will work with notaries to provide TitlePLUS insurance policies to consumers across Québec. TitlePLUS insurance provides coverage for title-related risks that could affect the right of ownership of a property or the marketability of the property in the future, such as a dispute over a vendor’s legal right to sell a property, hidden building code violations, encroachment on the property by a neighbour, and outstanding legal hypothecs. It also provides important protection in the event of fraud. A title insurance policy moves these risks away from the home buyer and the mortgage lending institution, to the title insurer.
The TitlePLUS program has been providing comprehensive title insurance coverage in Canada since 1997. The TitlePLUS program insures residential properties, including new and resale homes, divided co-ownerships, cottages, recreational properties, residential rental properties (up to 4 units) and vacant land intended for residential purposes. TitlePLUS title insurance is obtained through a notary or lawyer when a home is purchased or refinanced. The insurance premium is paid only once.
About TitlePLUS
The TitlePLUS program is offered by Assurance LAWPRO, a wholly Canadian-owned insurance company providing title insurance in the Canadian market. The company has earned an A (Excellent) financial strength rating by A.M. Best Co., a leading rating agency, for the last 13 consecutive years. For more information, visit our website at www.titleplus.ca.
About Hub International Limited
Headquartered in Chicago, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States, Canada, Puerto Rico and Brazil. Visit www.hubinternational.com for more information.
Source: LAWPRO
