|
Title Insurance for Home Owners
NSW QLD VIC
First Title provides a comprehensive title insurance policy that provides protection
to purchasers of residential property against known and unknown risks that could
cause stress and financial loss in the future.
During a conveyancing transaction a solicitor or conveyancer will work diligently
to identify risks that may affect property. They will often find matters that could
affect use of the property in the future, however, there are also risks that even
the most thorough processes cannot discover.
Examples of risks insured by First Title's Home Owners GOLD policy include:
- structures that do not have building approval certificates;
- structures that fall foul of zoning requirements;
- boundary disputes between neighbours;
- identity fraud is copied and property is fraudulently mortgaged. Organised crime
gangs are operating in Australia.They target innocent home owners and steal or mortgage
their property;and
- an extensive range of general ownership risks.
If the solicitor or conveyancer identifies a risk that affects a property in the
traditional process, the purchaser only has a choice to either withdraw from the
purchase, ask their solicitor or conveyancer to try and fix the problem, or proceed
and accept the consequences if the risk becomes a real problem. Home Owners GOLD
offers a new solution by providing insurance protection and meeting the insured's
legal defence costs to alleviate stress and financial loss.
First Title works closely with solicitors, conveyancers and other parties related
to the conveyancing process. By doing so our policies are designed to enhance the
traditional conveyancing process.
As the provider of a 'financial product' within the meaning of the Corporations Act 2001
(Cth), First Title holds an AFS Licence.
For further information on how Home Owners polices have protected home owners in
the past, refer to our Example Policies and Enquiries.
Home Owners GOLD - NSW
Home Owners GOLD - QLD
Home Owners GOLD - VIC
|
