• Someone else owns an interest in the property
• Liens and charges on the property
• Arrears of realty taxes and public utility charges
• Fraud and forgery before and after closing
• Unmarketability due to defects that would have been disclosed by an up-to-date survey
• Work orders, open building permits and work done without a permit
• Breach of a zoning by-law
• Lack of legal access to the property
• Breaches of restrictive covenants
• Encroachments onto the property built after closing
• Gap coverage
• Legal Services: Standard, automatic coverage for lawyer’s errors and omissions in providing legal services for the transaction in most cases

Features:

• Premium paid once, at time of closing
• Insures:
  • Owners while they own the property, and their heirs
  • Owner’s spouse or child, if owner transfers property to them
• Policy amount is the purchase price, increasing by up to twice as much if the fair market value increases
• Coverage in addition to the policy amount, for the cost of defending legal actions based on a covered risk

Please refer to the policy for full details, including actual terms and conditions.