Residential Title Insurance
What is title insurance?
What is title insurance? In a nutshell, it’s a way to help you mitigate the risk you encounter on a day-to-day basis as a lender. Home title insurance — more commonly known as residential title insurance — provides you with the peace of mind that comes from knowing your assets and reputation are well protected by Canada's leading provider of title insurance: FCT.
More specifically, home title insurance covers you, as a lender, against losses associated with the priority, validity and unenforceability of a residential mortgage. It also helps guard against claims that challenge your interest in the title. Plus, for a low one-time premium, coverage lasts for as long as the mortgage remains registered against title.
Types of policies
FCT offers two types of home title insurance for residential properties — a Loan Policy that protects lenders like you, and a Homeowner Policy that covers the borrower.
You can enhance the value of your borrower interactions through your understanding of title insurance coverage for homeowners.
Mitigate the risks involved in providing mortgage loans to your borrowers.