Value of Title Insurance When Purchasing a Home

In Real Estate by GMSB Lawyers

Clients often ask what value is there in obtaining title insurance when purchasing a home. The article below illustrates one critical situation which is that of municipal work orders.

The couple, after purchasing their home, discovered their home was subject to a work order as a result of work performed by a previous owner. The couple claimed under their title policy and while the the title company initially rejected their claim the Ontario Court of Appeal found in their favour.