Title Insurance for Residential Buyers
Before you purchase your next property, consider title insurance for your residential property from First Title.
What is Residential Title Insurance?
Title Insurance is a policy that protects homebuyers and property owners against financial losses or legal issues related to property ownership. This insurance covers risks such as unpaid rates or taxes, boundary disputes, zoning violations, or errors in property records that may arise after settlement. With a one-time premium, title insurance for your residential property provides long-term peace of mind by safeguarding your investment and ensuring secure ownership of your home. As well as title insurance for a home, First Title provides title insurance for vacant land.What Does Residential Title Insurance Cover?
When buying a property, there are hidden risks that may emerge even after settlement, which could result in financial losses or legal issues. Title Insurance for a residential property is intended to safeguard against these risks.
Unapproved building works
Cover to repair or demolish any unknown unapproved building works such as decks, pergolas, granny flats or carports where your local council issues an order to do so.
Incorrect boundaries
Cover for example for boundary fences (built prior to your ownership) that extend onto your land and prevent you from accessing part of your land.
Encroaching structures built on your land
Cover where someone builds a structure on your land without your knowledge or consent.
Planning and zoning
Cover if you cannot use your land as your home because it is not zoned for residential use and this was never disclosed to you prior to settlement.
Errors on property searches and enquiries
Cover for loss caused by errors contained in certain public property searches carried out when you purchased your land.
Fraud
Cover for fraud that might result in your land being sold to another owner or a fraudulent mortgage taken against your land.
To find out more, read our Important Information and Policy Wording documents. Caps and exclusions apply.
Get a Quote
Comprehensive Title Insurance for Residential Property
Protect your property investment with confidence by partnering with First Title, a trusted leader in title insurance. With comprehensive coverage and expert support, First Title can safeguard your ownership from unexpected risks, providing you with peace of mind for years to come.
No Excess
No excess on claims.
One-off Payment
One-off premium covers you for as long as you own the property - so no annual premiums to worry about.
Globally Backed
First Title is part of the international services division of the First American Financial Corporation.
When our policyholder lodged a development application with council, they discovered that the existing garage and carport were built without a permit.
Total cost of claim $100,000.
Get cover
After purchase, our policyholder became responsible for a 36 year old sewerage and building works defect. We accepted the claim and covered the rectification costs: $75,000
Get cover2 years after purchasing their property, our policyholder received a notice from council advising that the granny flat and double carport were constructed without approval.
Get coverAfter settling their property, our policyholder in QLD was made aware that their backyard shed never received final building approval. Council issued a notice to rectify. Total cost of claim $30,000.
Get cover4 years after purchasing, our policyholder received a notice from council stating two large verandas and a shed were illegal. Total cost of claim $48,000.
Get coverOur policyholder obtained a survey and discovered a wall had been built on to their property without their knowledge. Total cost of claim $18,000.
Get coverOur policyholder undertook a survey in preparation to subdivide their property. The survey revealed several encroachments on 3 sides of the property.
Total cost of claim $51,000.
Get cover
Our policyholder undertook a survey in preparation to renovate the property. The survey revealed that both fence lines were not on the true boundaries.
Total cost of claim $12,000.
Get cover
Don’t just take our word for it
“My First Title coverage paid for itself, and then some, within the first several weeks of settlement. Some bills associated with the property were not paid by the previous owner, which slipped through the cracks when solicitors did their due diligence. It would have cost me over $2,000 but everything was covered by First Title in a timely manner. I highly recommend them.”
Helen, Narooma, NSW
Don’t just take our word for it
“First Title assisted us every step of the way and made sure the financial stress of fixing our boundary issues was kept to an absolute minimum!”
Tim and Linda, WA
Don’t just take our word for it
“More than 5 years after purchasing our first home we were informed by our local council of 4 illegal builds/structures on our property. If it wasn’t for our Title Insurance Policy we would have never been able to afford the repairs to our home and most likely have to demolish a large portion of it. First Title supported and guided us through every step of our claim, making a quite overwhelming situation a lot easier. Thank you First Title.”
Ashleigh Clarkson, VIC
