Title insurance means insurance for both buyer and seller of the property against any losses which may arise in respect of title of property and ownership of the property. A person cannot go in his history to claim a title and for title insurance you are able to rely on registration which is in Alberta. This insurance does not take the place of an estate lawyer while buying a home. It is a form of protection for the purchasing an immovable property and also protection after owning a home. So you have to take this insurance policy
All insurance policies have many risks because a list of benefits also have financial losses. In this title insurance also has many risks like in immovable property’ s transaction. There can be many errors in public records and the surveys. It violates the municipality’s laws and violates the permit of buildings. So you have to take this insurance policy.
