13 Oct Existing homeowner title insurance policy
Title or mortgage fraud comes in varying forms, but usually involves a fraudster committing identity theft and transferring title to your home or placing a fraudulent mortgage on your home and disappearing with the proceeds. Your home is even more attractive to fraudsters if you have a lot of equity in your home or if you are renting it out.
If you purchased your home in the past 20 years or so, your lawyer may have already obtained a policy for you during your purchase transaction. For those with older homes or those who did not obtain a policy during their purchase, an Existing Homeowner Policy is an extremely affordable option to protect your most important asset. Title insurance is available for existing homeowners for a one-time premium. There are no renewal fees and no further obligation. The premium is based on the value of your home. There is also optional identity theft protection that can be included in the policy. If you or someone you know would like a free, no obligation quote for an Existing Homeowner Policy please contact us at 905-491-6868 or email.