I'm buying a property
Buying commercial real estate is a significant investment. When you buy real estate, you receive a deed representing your ownership, also known as the title. Our Owner’s Policy can protect you against a host of known and unknown title and off-title related issues, can mitigate the risk that your closing will be delayed and can offer protection to you in the event your interest in the title is ever challenged. What’s more, if your ownership is ever challenged as a result of a covered risk, simply leave the defense to us – along with the associated costs. Our duty to defend coverage is unlimited as it has no maximum dollar amount and does not reduce the amount of insurance.
It's important that your purchase goes smoothly, with no surprises, and closes according to plan. Make sure of it with FCT title insurance. With a policy, you'll enjoy protection for as long as you own the property – all for a one-time premium.
Ask your lawyer or notary about securing an FCT Owner’s Policy as part of your real estate purchase. Coverage includes but is not limited to losses related to survey and municipal issues, fraud occurring prior to closing or during the insured transaction, compliance with zoning by-laws and previous non-compliance with certain reciprocal agreements. The amount of insurance is usually equal to the purchase price of the property. What’s more, if your ownership is ever challenged as a result of a covered risk, simply leave the defense to us – along with the associated costs. Our duty to defend coverage is unlimited as it has no maximum dollar amount and does not reduce the amount of insurance.
If you are planning to finance the acquisition of your property, your lender may require that a commercial Loan Policy be obtained to protect its interest. Your lawyer or notary will receive instructions from the financial institution and will make arrangements for the lender's policy. This policy is typically paid for by you, the borrower. Save substantially by purchasing both an Owner Policy and a Loan Policy during the same transaction.