Residential Purchase Policies
A TitlePLUS purchase policy is available through a real estate lawyer for properties with purchase prices of up to $5 million. Property types include: houses, condominiums, cottages, rural properties, residential rentals (up to 6 units) and vacant land.
New Home Direct (purchase from builder): Reduced premiums are available for new houses and condominiums purchased directly from a builder. Ask your lawyer for details.
Our policy may save home buyers money, by reducing the costs that they would normally have to pay for various searches and inquiries. In most cases, obtaining a TitlePLUS title insurance policy eliminates the need for an up-to-date survey, providing additional cost savings. The premium for a TitlePLUS policy is paid only once.
A TitlePLUS purchase policy automatically insures both home buyers and mortgage lenders under the same policy. Buyers can be confident that their TitlePLUS policy will be valid for as long as they, or their heirs, own the property.
Our policy also covers the title-related aspects of the deal plus the legal services provided by the lawyer closing the transaction (excluding OwnerEXPRESS® policies and Québec policies). Please refer to the TitlePLUS policy for full details, including actual terms and conditions.
A TitlePLUS policy offers affordable protection and unlike other types of insurance, the premium is paid only once.
For more information:
- for lawyers and law firm staff,
- ask a real estate lawyer about TitlePLUS title insurance, or for a list of TitlePLUS-subscribing lawyers, go to Locate a Lawyer,
- use the handy tools in our Real Simple Real Estate Guide, or
- contact us.
You can order materials on-line.