Description
This session looks at title insurance in a West Australian context, including providing the answers to the following questions:
- What is title insurance?
- How does it work?
- Who does it benefit?
- How does it provide consumer protection?
- How long does a policy last?
- Is it relevant to all types of property including residential, commercial and industrial as examples?
- What are some examples of the things that a consumer would be protected against if they had a title insurance policy?
- Can you only get title insurance when buying a property or can a person take out a policy on a property they already own?
This session looks at the risks that can be insured against by a Title Insurance policy.
Most real estate people have a very limited knowledge of this type of insurance. As this insurance can protect against property fraud, boundary defects and unapproved structures, it is becoming a more common insurance type and so needs to be better understood by the real estate industry.
Made possible by the generous support of Stewart Title. [find them at https://www.stewartau.com/]
