In this Real Estate Video Mike Mullin Sales Representative for Royal LePage RCR Realty In Orangeville Ontario talks with Chris Harrison an Orangeville Lawyer about Title Insurance.
Even if you think you can afford to go without title insurance, chances are, you can not. While it is considered optional to buy during a closing on an Orangeville property, it is customary and recommended by almost every lawyer you will come across.
There are so many potential problems that title insurance can protect against. This video outlines many of them. Besides being considerably less costly than a new survey, title insurance can provide compensation for any of the losses discussed.
Like most forms of insurance, it is better to have it and not need it than to need it and not have it.