Last update: Sept. 28, 2017
Media Release archive
LAWPRO partners with Manitoba insurance broker
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Toronto, June 29, 2004: Reider Insurance Services, a Manitoba insurance brokerage firm, and LAWPRO will be working in association to bring the TitlePLUS title insurance product to the Manitoba real estate marketplace.
TitlePLUS title insurance provides comprehensive title protection for consumers when they buy property, refinance a mortgage or borrow money secured against a residential home. Partnering with Reider Insurance ensures that consumers seeking TitlePLUS title insurance coverage for their transactions can do so quickly and easily.
Lawyers in Manitoba will be able to secure TitlePLUS title insurance coverage for his or her clients by contacting Reider Insurance Services at any of its four Winnipeg locations.
"Our partnership with Reider Insurance Services ensures we will have a strong local presence with a firm that reflects our emphasis on customer service and innovation," said Kathleen Waters, Vice-President of TitlePLUS. "We look forward to working together to serve the needs of the Manitoba real estate market."
"We at Reider are delighted to be able to offer our clients the option of TitlePLUS insurance coverage for their real estate transactions," adds Shale Reider, General Manager. "This innovative product complements our full line of insurance products and services, and gives us one more opportunity to provide Manitoba consumers with a full range of leading edge insurance products and services."
Reider is an independent insurance brokerage, founded in 1966 and still owned and operated as a family business by members of the Reider family. It currently manages more than $12 million in insurance premiums annually with a staff of 21 people. The company provides Manitoba consumers with a full range of insurance products and services, including auto, home, tenant and business insurance.
LAWPRO is a wholly Canadian-owned insurance company providing lawyers' malpractice insurance and title insurance in numerous jurisdictions across Canada. The TitlePLUS program provides consumers and lenders with comprehensive title insurance coverage for residential home purchases, and refinance/mortgage-only transactions. Specifically it provides coverage for title-related problems that could affect the ownership or marketability of the property in the future, as well as for the legal services provided by the lawyer closing the transaction.
The TitlePLUS policy also 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, the insurer either:
January 31, 2018