When buying a property, whether residential or commercial, one of the most crucial considerations is ensuring that your ownership rights are protected. This is where title insurance comes into play. Title insurance is a specialised type of indemnity insurance that safeguards property owners and lenders against potential losses arising from defects in the title to a property. In this article, we will explore what title insurance is, what it covers, and why it is beneficial for property buyers.
When purchasing a property in New South Wales, obtaining insurance is a crucial step to protect your investment and satisfy lender requirements. In this article, we set out the general requirements and considerations for obtaining property insurance.
