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Importance of a Title Insurance Owner Policy

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In the process of buying a house, the homeowner is usually the one at risk of facing financial losses related to a covered hazard identified in a title insurance policy. It is common practice to safeguard the lender with a loan policy when a mortgage is involved, but this policy solely shields the lender from potential issues. Getting an owner policy ensures that your own interests are also safeguarded, giving you reassurance.

What is Owner's Title Insurance?

At the time of purchasing your real property within the Province of Ontario, our real estate lawyer in Toronto (Scarborough) and Bowmanville will arrange an owner policy that will protect you from potential risks associated with the property's title, including defects and liens that may have occurred prior to the registration of your deed with the Land Registry Office. This policy is a one time purchase and provides protection for both past and future risks, offering peace of mind as you assume ownership of your new home. As well, the coverage remains in effect for as long as you, the policyholder, or your descendants have a stake in the home that is insured.

"Rohit is the best lawyer, very efficient, effective and personal I highly recommend him." - C.B. - Bowmanville, Ontario

What Type of Real Properties are Covered?

Owner policies are available for the following type of residential real properties:

  • Residential dwellings of up to SIX (6) unites;

  • Condominiums;

  • Cottages;

  • Cooperatives;

  • Lease land; and

  • Vacant land.

How Does Title Insurance Protect You?

Title insurance provides financial protection to homeowners in case they suffer losses or damages from specified risks like liens, encumbrances, or title defects related to their property. Excluding title fraud coverage, your policy safeguards your ownership rights for events that happened in the past but were unknown at the time of your purchase closing.

What Does Title Insurance Protect You From?

Safeguarding your home ownership is crucial as it is a significant investment. Title insurance offers reassurance by covering risks that may not be addressed in a lawyer's assessment. A title insurance owner policy provides coverage for losses that may arise from:

  • Another individual's owning an interest in the insured title;

  • Fraudulent mortgage registration on a real property's title;

  • Liens already on title;

  • Unpaid taxes or utility bills related to the real property, owed by the previous owner;

  • Violations of municipal zoning by-laws;

  • Setback violations;

  • Existing work orders;

  • Forced removal by a governmental authority of all or part of your home because it was built without a required building permit;

  • Unable to market the land due to adverse matters that would have been reversed by an up-to-date survey or real property report or building location certificate; and

  • Lack of legal access to the real property.

It is also important to note that title insurance is distinct from a home warranty. Title insurance does not provide assurance to the quality of construction or condition of the house and/or other structures on the property, nor does it promise that there are no issues requiring repairs (eg. leaking roof, foundations issues).

Toronto (Scarborough) & Bowmanville Real Estate Closing Lawyer

Whether you are purchasing, selling, or re-financing your real property, our real estate lawyer in Toronto (Scarborough) and Bowmanville is here to help and guide you through this very exiting moment in your life. At a time most convenient for you, schedule an appointment by calling 416 953 0040 or emailing

PLEASE NOTE: It's important to note that laws and regulations are subject to change, and the information provided in the article may not reflect the most up-to-date legal requirements. Therefore, before making any decisions or taking any action, it's essential to consult with a legal professional to ensure that you have the most current and accurate information.

The content provided on this website is for informational purposes only and should not be considered as professional legal advice. If you have specific questions or concerns about your situation, it's always best to consult with our highly competent estate lawyer who can provide personalized guidance.


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