Should you get title insurance? What you need to know

Home insurance doesn’t offer blanket coverage for all potential claims regarding your home. Fraud, undisclosed liens, and other issues pertaining to ownership fall under title insurance.
This article has been updated from a previous version.
In the legal world, having “title” to property means that you are its legal owner. Title insurance is the policy that protects commercial or residential owners against any losses to the property’s title or ownership, such as fraud, undisclosed liens or any other issues that may prevent you from freely owning the property.
About the author

Renee Sylvestre-Williams is a finance and business reporter. In her more than 10 years of journalism, her work has been published in the Globe and Mail, Flare, Canadian Living, Canadian Business, the Toronto Star and Forbes. She also publishes a biweekly newsletter, The Budgette, where she provides financial education for single earners.