What is Title Insurance and should you have it?

Title Insurance is a policy of insurance that provides coverage for the title related risks associated with real estate transactions. It is designed to cover the unpredictable or undetectable issues such as forgery, fraud, missing heirs, etc. that can affect rights of ownership. Because it is insurance, a Title Insurance policy moves the risk associated with title from the home buyer, the lending institution or the lawyer, to the title insurer.

If there is a problem with title that only becomes known after closing, the title insurer may rectify the problem or compensate the Title Insurance policyholder, provided the type of problem that surfaces is covered by the Title Insurance policy.

A Title Insurance policy will contain:

  • risks or losses the policy will cover;
  • risks or losses the policy will not cover; and
  • general terms governing the insurance coverage.

Should a policy holder suffer a loss of title through title/identity theft, the insurance will provide funds to discharge the mortgage or compensate for the loss of the property. Without Title Insurance the home owner is forced to make a claim to the government’s Assurance Fund — a long and expensive process which is not always successful.

Some insurers will provide Title Insurance for clients who already own their home, but did not obtain the protection of Title Insurance when they first purchased their home.

Title Insurance is available in Ontario through at least 4 separate insurers in addition to the old method of solicitor certification. For the most part title insurance provides broader protection at lower costs, and is especially useful in protecting against title fraud.

Reputable Companies Providing Title Insurance



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Mark Johnston
  May 29, 2024

Lori and team were fantastic! Helped us maximize value and sold fast! A great partner to help sell our home. We wouldn't hesitate to recommend them.

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C L
  April 23, 2024

We received exemplary service from Team VanDinther and would not hesitate to recommend their services. Their expertise in marketing, pricing and communications far exceeded our expectations and resulted in multiple offers. Lori knew all the right people to get our home ready for market and her dedication to our success was apparent at every step of the process. It was a pleasure to work with such a friendly and efficient team!

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Erin O'Leary
  April 07, 2024

Lori and her team are excellent! We worked directly with Morgan and it was a great experience! Morgan was dedicated to finding us the right home. She really listened to our wants/needs and was sure to help us stick to what we were looking for. Morgan is very professional and made us feel comfortable throughout the process. We are very excited about our new home and would highly recommend this team! Thank you Morgan & Lori!

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Lisa Potts
  April 04, 2024

Lori and her team are dedicated, supportive, available and personalize the entire home selling process. They work hard and get the best results. We are so pleased to have had the opportunity to work with such a great team and appreciate all they have done!!! Great work!

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