Check What It Doesn’t Cover?

When looking at Title Insurance options, read the policy and ask questions to be aware of the coverage that is provided. You also need to be aware of possible exclusions, which may include:
– Known title defects (that were revealed to you before you purchased your property);
– Environmental Hazards (e.g. soil contamination);
– Problems that would only be discovered by a new survey or inspection of your property (e.g. the lot size is smaller than originally thought);
– Matters that are not listed in public records (e.g. unrecorded liens and encroachments); and
– Zoning bylaw violations from changes, renovations or additions to
your property.

Carefully review the Title Insurance Policy, as it may include additional exclusions and exceptions that are specific to the purchased property.