And the results can more than pay off, should you ever need to make a claim.
For example: In 2019 one of our Victorian clients found out soon after settlement that several structures on their new property, including their garage, had been built without a permit by a previous owner. After a successful claim, we paid to engage a building surveyor, who determined that the garage required a full rebuild to obtain a permit and the other structures could remain and be certified. We provided the client with a settlement payment so they could complete the required works on the own timeframe, with a total payment of $118,000.
Although each claim is unique, this goes to show just how beneficial it can be to have an existing title insurance policy in place should you ever need it. Our clients say it best...