Buying a home is one of the largest investments you’ll ever make — and protecting that investment begins with understanding title insurance. Whether you’re purchasing in Barrie, Orillia, or anywhere across Simcoe County, title insurance provides essential protection against hidden risks that could impact your ownership.
What Is Title Insurance?
Title insurance is a one-time policy that protects homeowners and lenders against losses related to property ownership. It covers issues that may not appear in a title search — including fraud, unknown liens, zoning violations, and errors in public records.
Your real estate lawyer will usually recommend title insurance as part of your closing process. Once issued, the policy remains valid for as long as you own the property.
What Does Title Insurance Cover?
Title insurance typically protects you from:
- Title Fraud: If someone uses your identity to fraudulently sell or mortgage your home.
- Existing Liens or Mortgages: Debts that weren’t discovered before closing.
- Boundary or Survey Errors: Issues with property lines or structures built outside lot limits.
- Zoning and Permit Issues: If previous owners made renovations without proper permits.
- Clerical Errors: Mistakes in municipal or land registry documents that affect ownership.
These risks can cost thousands to fix — but with title insurance, the insurer covers legal fees and losses related to covered claims.
Do You Still Need a Lawyer If You Have Title Insurance?
Yes. While title insurance protects against certain risks, it doesn’t replace legal advice. A qualified real estate lawyer ensures your contract terms are fair, explains what’s not covered by your policy, and handles registration and closing details.
Your lawyer also confirms that the title is properly transferred and that your mortgage and ownership rights are correctly registered.
How Much Does Title Insurance Cost?
The cost of title insurance depends on the property’s value but is usually a one-time premium between $400–$600 (premiums vary and are based on the purchase price and amount of the registered mortgage). Compared to the potential cost of legal disputes or property defects, it’s one of the most cost-effective forms of protection available to homeowners.
Why Title Insurance Matters for Barrie & Simcoe County Buyers
In Simcoe County, where rural properties, cottages, and new builds are common, title issues can arise more often due to unregistered easements, survey discrepancies, or construction without permits.
Working with a local lawyer familiar with Barrie’s real estate landscape ensures your title insurance is tailored to your specific property type and risk factors.
Final Thoughts
Title insurance offers peace of mind for homeowners and buyers alike — but it’s most effective when paired with professional legal support. Your lawyer helps you choose the right coverage and ensures your property transfer is completed smoothly.
If you’re purchasing a property or have questions about coverage, reach out to Chapman Steffler LLP through our Real Estate service page for guidance on title insurance and property protection.
Frequently Asked Questions
Do I need title insurance if I’m buying a new build?
Yes. Even new homes can have title issues — for example, unpaid taxes, registration errors, or unregistered easements.
Does title insurance cover boundary disputes?
Often yes, depending on your policy. Your lawyer can review what’s included and recommend additional protection if needed.
Is title insurance mandatory in Ontario?
It’s not required by law, but most lenders will insist on it before finalizing a mortgage.
Call to Action:
For trusted advice on title insurance and property law in Barrie and Simcoe County, contact Chapman Steffler LLP today.
