Title Insurance – a great buy for purchasers!
Title Insurance is a relatively new concept to the conveyancing world but is quickly becoming a standard part of property purchasing.
Like other insurance policies, it is taken out for protection against the unforeseen nasties that may arise.
A policy can be taken out by your Conveyancer upon your instruction and the cost is simply paid to the Insurer upon settlement with the rest of the money that changes hands. There are no upfront costs, no ongoing premiums and the policy lasts from settlement day for your whole period of ownership until you sell.
Title Insurance covers things such as discrepancies with the boundary line or Council issues that may arise after settlement.
If you would prefer to take out Title Insurance rather than do some of the standard searches in your purchase transaction or would like to know more, please contact me.