Title insurance concerns specified property-title or transaction-related risks under a specialist contract. It is different from building insurance for physical damage and does not replace conveyancing or a legal investigation.
The distinction that matters
A title policy does not establish that every defect, unauthorised structure or known issue is accepted. The insured risks, exclusions and timing conditions must be read carefully.
What to check
- The insured property and interests.
- Known matters and disclosure conditions.
- The title or transaction risks listed.
- Limits, exclusions and the claims process.
Example to discuss
Ask the conveyancer and insurer which identified issue, if any, the policy addresses instead of treating it as a substitute for resolving every concern before purchase.
This is a hypothetical comparison, not a customer claim or a determination of cover.
Sources and further reading
General information only. The policy, schedule and applicable rules determine the actual position. For a personal decision, use an appropriately qualified adviser or the relevant provider.