What is Title Insurance

Title insurance is a type of insurance in Canada that protects property buyers and lenders from any financial loss resulting from disputes over ownership or encumbrances on a property's title. This can include issues such as fraud, errors in public records, and undisclosed liens or claims. Title insurance policies are typically purchased by homebuyers or mortgage lenders at the time of a property purchase, and can provide coverage for the duration of the policyholder's ownership of the property.