{"id":8327,"date":"2023-08-09T08:13:00","date_gmt":"2023-08-09T08:13:00","guid":{"rendered":"https:\/\/niagaralaw.ca\/?p=8327"},"modified":"2023-08-29T14:48:23","modified_gmt":"2023-08-29T14:48:23","slug":"protect-your-home-with-title-insurance","status":"publish","type":"post","link":"https:\/\/niagaralaw.ca\/protect-your-home-with-title-insurance\/","title":{"rendered":"Protect your home with Title Insurance"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"427\" src=\"https:\/\/niagaralaw.ca\/wp-content\/uploads\/2023\/07\/pexels-binyamin-mellish-106399-retrieved-26.07.23-posted-by-binyamin-mellish.jpg\" alt=\"\" class=\"wp-image-8328\" srcset=\"https:\/\/niagaralaw.ca\/wp-content\/uploads\/2023\/07\/pexels-binyamin-mellish-106399-retrieved-26.07.23-posted-by-binyamin-mellish.jpg 640w, https:\/\/niagaralaw.ca\/wp-content\/uploads\/2023\/07\/pexels-binyamin-mellish-106399-retrieved-26.07.23-posted-by-binyamin-mellish-300x200.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><figcaption class=\"wp-element-caption\">Image retrieved from Pexels.com; image posted to Pexels by Binyamin Mellish<\/figcaption><\/figure>\n\n\n\n<p>Title insurance is a one time payment that protects the purchaser of a home, or the existing owner of a property against fraud and title defect. Title insurance exists for both residential and commercial real estate. Residential title insurance can be purchased at the time of you closing on a residential home, or if you already own your home you can purchase title insurance any time.<\/p>\n\n\n\n<p>Title insurance protects against several types of fraud and risk, including: title fraud, mortgage fraud, unforeseen mistakes in public records, encroachment issues and more. Having a title insurance policy means you are able to make a claim and collect money based on the value of your house at the time of purchasing title insurance.<\/p>\n\n\n\n<p>As your home increases in value from the time of purchase as a result of changes in the real estate market or renovations you do on the home like adding a second storey, putting in a garage or a pool, this increase in value can be reflected in your title insurance. You can update your policy or get an entirely new policy to account for your home&#8217;s increase in value. \u00a0Or you can add a market value endorsement to your policy.\u00a0<\/p>\n\n\n\n<p><strong>What is title fraud?<\/strong><\/p>\n\n\n\n<p>Title fraud happens when the ownership of a property is fraudulently changed or documents are forged to allow a fraudster to illegally sell your property. This happens frequently when people are on vacation or away from their home for an extended period of time. Mortgage fraud occurs when a mortgage is registered on your home without your knowledge or consent so the cash value of the mortgage can be obtained by the fraudster who registered the mortgage.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cbc.ca\/news\/canada\/toronto\/organized-crime-groups-behind-gta-home-sales-mortgages-without-owners-knowledge-1.6719978\" target=\"_blank\" rel=\"noopener\">30 homes<\/a> in the Greater Toronto Area were fraudulently sold or mortgaged in between September 2021 and January 2023.<\/p>\n\n\n\n<p><strong>Protect yourself and your home<\/strong><\/p>\n\n\n\n<p>Most cases of title and mortgage fraud are a result of identity theft and organized crime operations seeking out people and homes to fraudulently sell or mortgage. Through purchasing a title insurance policy that fits your property you can protect yourself, your home and your future from the consequences in case of fraud.<\/p>\n\n\n\n<p>If you have questions about title insurance, contact Daniel &amp; Partners to set up a consultation.&nbsp; Our real estate team has the knowledge and experience to assist you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title insurance is a one time payment that protects the purchaser of a home, or the existing owner of a property against fraud and title defect. Title insurance exists for both residential and commercial real estate. Residential title insurance can be purchased at the time of you closing on a residential home, or if you [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[197,8,114,196],"acf":[],"_links":{"self":[{"href":"https:\/\/niagaralaw.ca\/wp-json\/wp\/v2\/posts\/8327"}],"collection":[{"href":"https:\/\/niagaralaw.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/niagaralaw.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/niagaralaw.ca\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/niagaralaw.ca\/wp-json\/wp\/v2\/comments?post=8327"}],"version-history":[{"count":3,"href":"https:\/\/niagaralaw.ca\/wp-json\/wp\/v2\/posts\/8327\/revisions"}],"predecessor-version":[{"id":8335,"href":"https:\/\/niagaralaw.ca\/wp-json\/wp\/v2\/posts\/8327\/revisions\/8335"}],"wp:attachment":[{"href":"https:\/\/niagaralaw.ca\/wp-json\/wp\/v2\/media?parent=8327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/niagaralaw.ca\/wp-json\/wp\/v2\/categories?post=8327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/niagaralaw.ca\/wp-json\/wp\/v2\/tags?post=8327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}