Best Advocacy & Civil Legal Representation Services in Windsor, ON

Do I Need Title Insurance? Deciding whether to get title insurance when buying property in Ontario is a big decision. Although not mandatory, title insurance offers critical protection. It covers potential issues not found during the initial title search, like fraud, forgery, and encroachments. Common risks include unknown title defects, existing liens, encroachment issues, title fraud, errors in public records, and unpaid taxes or utilities that could lead to a lien. While title insurance is not a legal requirement in Ontario, it provides an important layer of security, and is generally much less expensive than the alternatives. It's crucial to discuss with your lawyer or a title insurance company the protections that title insurance can offer, tailored to your specific needs. Title insurance is a one-time cost at closing, which could save you from more expensive problems later. Before deciding, talk to your lawyer or a title insurance company to understand what protection a policy offers and to compare different policies. Considering the potential risks and costs involved, this protection can be invaluable. Thinking about getting title insurance? Discuss your specific needs with a professional to make an informed decision. If you have questions or need guidance on obtaining title insurance, contact our Weclose legal team today. We're here to help you navigate your property transactions with confidence.