overlay mobile overlay desktop

Vacant Land Title Insurance Brochure

Get a Quote
Call us

Buying your dream property is exciting but also a very serious undertaking that comes with risks. Not all risks can be uncovered by your conveyancing professional. Title insurance is there to provide extra protection against many of those hidden risks, so you can proceed with confidence and peace of mind.

These are First Title's top 6 vacant land coverage features:

  1. Incorrect boundaries: To rectify incorrect boundaries, for example if you discover a boundary discrepancy that causes loss and needs to be rectified.

  2. Encroaching structures built on your land: After settlement, someone builds a structure other than a boundary wall or fence, that is on your land.

  3. Planning and zoning: Coverage for any loss because you cannot use your property as your home as a result of planning and zoning laws.

  4. Errors on property searches and enquiries: To compensate you for any loss caused by errors contained in property searches and enquiries ordered by your conveyancing professional to establish whether there are any outstanding rates, charges or land tax payable on the land.

  5. Adjustment of taxes and various land charges: Your conveyancing practitioner is an expert - but mistakes can happen. If a mistake related to the adjustment of rates, charges and land tax on your title causes you a loss, coverage is provided.

  6. Identity theft and fraud: ID fraud could result in your title being transferred to another owner or mortgaged without your knowledge. If this happens, you may be covered.


    There are many other coverage features included in a First Title title insurance policy. For a full description of these features, visit our Important Information and Policy Wording documents page.

What if there is already a problem?

When you or your conveyancing professional finds a potential title related problem in the conveyancing process, we call this a 'known risk'. If this happens, it's possible that title insurance could still be of real benefit to you.

Contact your conveyancing professional or First Title directly to determine how the other areas of title insurance coverage can still help.


Claims Examples

Third Party Claim

Problem

One day after settlement, our client learned that he could not become the registered owner of his property due to a third party claim. The step-children of the vendor had registered a testamentary right to his property and claimed they were gifted the property in their mother’s will. The children refused to remove their interest in the property unless they received money from the sale.

Solution

First Title accepted the claim pursuant to its ‘registration gap’ coverage on the basis that between settlement and transfer to a third party, an interest was registered. 

Total payout $20,000

Boundary Dispute

Problem

After purchasing a block of vacant land, a survey revealed that the neighbour’s wall, eaves and awnings were encroaching on our clients land.

Solution

First Title accepted the claim pursuant to our ‘encroachment’ coverage. First Title covered the client’s cost to register a boundary realignment on title and compensated the client for their land loss.

Total payout $15,000

Get a quote or request title insurance cover with First Title today.