When buying a property, home buyers are exposed to many inherent risks which may cause loss or affect ownership. Title insurance is a specialised type of insurance which provides protection to home buyers and existing home owners of residential property against certain unknown and hidden risks which may exist at the time of purchase.
Combined with the professional advice of a conveyancer or solicitor, title insurance provides the most comprehensive protection against risks which may affect your legal ownership of your home.
Title insurance from Stewart Title provides cover for a broad range of risks including*:
- Illegal Building Work
- Survey/Boundary Defects
- Registration Gap
- Fraud, Forgery & Identity Theft
- Planning & Title Defects
- Outstanding Rates & Taxes
Title insurance differs from other forms of insurance as it is a one time premium which provides protection forever. There is no excess payable on claims, therefore is an inexpensive way of managing risk for the biggest investment you own, your title.
Homeowners who do not currently have the protection of a title insurance policy may obtain it by applying for a Stewart Title Residential Existing Owner Policy.
For more information, visit www.stewartau.com.
*For full details on cover and exclusions from cover, refer to a sample policy found at www.stewartau.com