Title Insurance – Some Misconceptions | May 2011

As reliance upon title insurance policies in real estate transactions continues to increase, lawyers need to be clear about just what the title insurance policy covers (and what it does not.) Ontario’s LawPro recently addressed some of the myths associated with title insurance in Megan Haynes’ December 2010 LawPRO magazine article Title Insurance: Separating Fact from Fiction. The identified misconceptions include:
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• Title insurance is a one-size-fits-all policy that eliminates the need for searches or surveys;
• Title insurers will always pay to settle a claim;
• E&O coverage offered by title insurers is comparable.

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