What is Title Insurance? (WCPT361) – 1 Point

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/]