What is actually insured under an Owners' comprehensive title insurance policy?
What is Covered under a Lender's comprehensive title insurance policy?
How much does it cost?
Why does someone need title insurance when they can rely on their lawyer?

Even where the lawyer has exercised his/her utmost due diligence, there are still some risks such as fraud that a lawyer cannot discover from title investigation and many items that are excluded from the lawyer's opinion (such as checking that signatures are genuine and internal corporate approvals and processes have been followed, etc). In many countries in Asia, lawyers are not required to carry professional indemnity insurance, so even in the event that it were possible to prove the lawyer had been negligent, sufficient financial compensation is unlikely to be achieved.

Title insurance provides a "belt and braces" coverage for those items which the solicitor has reviewed, and in addition, additional coverage over other unknown defects. It also provides "No Fault" recovery - there is no need to litigate to prove fault.


When should I use title insurance?
Will you pay out to both the owner and the bank?
Does the owner need to do anything to prove title defects?
What happens if my property increases in value?
What sort of major title defects are uninsurable?
Do you cover illegal structures?
How do you settle claims? And how long does that take?

 

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