Title insurance in Ontario is a specialized indemnity insurance policy designed to protect residential property owners and mortgage lenders against losses stemming from title defects, hidden liens, municipal zoning non-compliance, survey errors, and real estate fraud. Unlike traditional property insurance that covers future physical damage from fires or storms, title insurance protects against historical or existing legal defects tied to the property's ownership history. It is routinely required by lenders during real estate transactions to guarantee clean, marketable title transfer.
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