Last update: March 20, 2018
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TitlePLUS® expands into Atlantic Canada
Toronto, ON: TitlePLUS today announced the first phase of a planned national rollout of its title insurance products: Lawyers in all four provinces of Atlantic Canada - New Brunswick, Nova Scotia, Prince Edward Island (PEI), and Newfoundland and Labrador - can now secure TitlePLUS coverage for consumers who buy or refinance/mortgage property.
TitlePLUS, which is widely used to insure thousands of purchase and refinance/mortgage-only properties in Ontario, is now licensed to sell title insurance in Ontario, Atlantic Canada, Manitoba and Alberta.
Like their Ontario counterparts, lawyers in Atlantic Canada will be able to easily access TitlePLUS coverage for their transactions in one of two ways:
TitlePLUS completes all of the necessary paperwork and provides the lawyer with a draft TitlePLUS policy and other materials to review with their client.
TitlePLUS offers comprehensive title PLUS legal services protection
Moreover, TitlePLUS insures against many of the risks that normally would be beyond the scope of the lawyer's opinion - issues such as fraud, forgery, survey errors, the absence of an up-to-date survey and errors made by governments.
If a problem with title surfaces after the deal has closed, or if it is discovered that the lawyer made an error or omission, TitlePLUS either pays to rectify the problem (for example, moving a garage off a neighbour's property line) or compensates the appropriate parties up to the full value of the title insurance policy. The insurer also will pay the legal costs of defending the title.
TitlePLUS eliminates delays and facilitates complicated closings
Coverage for all types of transactions
Since it was launched in Ontario in 1997, TitlePLUS has become an integral part of the conveyancing services offered by real estate lawyers in that province. The Atlantic Canada expansion is part of a national rollout of TitlePLUS commencing in 2002 that will ensure lawyers in all jurisdictions have access to TitlePLUS products.
TitlePLUS was developed by Lawyers' Professional Indemnity Company (LAWPRO), a wholly Canadian-owned insurance company providing title insurance in the Canadian market. LAWPRO currently underwrites the professional liability insurance program for all members of the Ontario and Newfoundland bars, in addition to providing TitlePLUS in Ontario and Atlantic Canada.
January 8, 2002
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April 30, 2018