Title Insurance
What Is Title Insurance?
Title insurance is a one-off premium insurance that protects property owners from financial loss caused by property title defects or risks that were unknown at the time of purchase. It offers peace of mind by covering a wide range of hidden issues that may arise during or after settlement.
Title Insurance Cover
Title insurance is the cover against loss incurred by title and property-related defects that you were unaware of at the time of the purchase (unknown risks). Title insurance payment is a one-off premium, but it covers the whole time of your ownership. The unknown risks are:
- Unapproved Building Work (illegal building work)
- Boundary defects
- Planning & Title Defects
- Fraud, Forgery & Identity Theft
- Non-compliance issues
- Oustanding rates and charges from the previous owners
- Registration Gap
There is no excess in the event of a claim. There are two insurers providing title insurance in Australia: Stewart Title (www.stewartau.com) and First Title (www.firsttitle.com.au).
Speak to Our Team About Title Insurance
If you’re purchasing or selling a property, it’s worth discussing how title insurance can safeguard your investment. With over 25 years of conveyancing experience, the team at Alfrieda Conveyancing is here to help you understand your options and secure protection for your property journey.
Contact us today for more information or a free consultation.
