TitlePLUS
Title insurance policies are like a box of chocolates – No two policies are the same
“The lawyer should be knowledgeable about title insurance and discuss with the client the advantages, conditions, and limitations of the various options and coverages generally available to the client through title insurance,” states Rule 2.02(10) of the Rules of Professional Conduct. This obligation was brought home in a recent malpractice case where the lawyer did… Read More »
Categories: 2014 September Diversity, Articles, Real Estate, Title insurance, TitlePLUSTitlePLUS® program update
The mission continues The TitlePLUS initiative started in 1997 after consultations with the real estate bar. There was more than title insurance on the agenda. The mission was to combine the best of title insurance with the skills and knowledge of the real estate bar. The goal: maintain the important role of the real estate… Read More »
Categories: 2014 June - Year in Review 2013, Articles, TitlePLUSMaking the application process easier and quicker: Streamlined TitlePLUS underwriting for many residential properties over $1 million
Constantly looking for ways to improve processes, we are pleased to provide an easier application process for some residential properties in Ontario over the $1 million mark. Our standard automated underwriting now applies to the following types of properties (for purchase, mortgage-only and OwnerEXPRESS policies): New and resale condominiums, up to $2 million; New homes… Read More »
Categories: 2013 September practicePRO 15th, Articles, Real Estate, TitlePLUSThe TitlePLUS conundrum: Can you help?
“Everything we do supports lawyers” – that’s the tag line on a brochure that the TitlePLUS program released several years ago. While owned and underwritten by LAWPRO, the TitlePLUS initiative was designed by members of the Ontario real estate bar and intended to have a symbiotic relationship with the bar. By providing an excellent scope… Read More »
Categories: 2013 September practicePRO 15th, Articles, TitlePLUSTitlePLUS program update: Responding to market chill with service improvements, public relations initiatives
TitlePLUS results reflect market weakness A cautious, sometimes pessimistic mood permeated the Ontario real estate market in 2012. Sales dipped – modestly in some markets, more dramatically in others – and warnings of a more dramatic slide dominated real estate reporting for much of the year. Because title insurance sales are so closely tied to… Read More »
Categories: 2013 May - Year in Review 2012, Articles, TitlePLUSHow the real estate bar entered the insurance business, or what happens when a lawyer is also an insurance intermediary
Many of us deal with licensed insurance agents or registered brokers every year to purchase coverage, whether life, auto or home policies. When someone in Ontario wishes to obtain title insurance, the real estate lawyer effectively functions as insurance intermediary (although not technically an agent or a broker). Lest anyone think there is anything improper… Read More »
Categories: 2012 December Resolutions, Insurance Business, Real Estate, Title insurance, TitlePLUSTitlePLUS program celebrates its 15th anniversary; now on Facebook
On September 25, 2012, the TitlePLUS program reached its 15th anniversary. LAWPRO staff marked the event with an afternoon celebration. TitlePLUS title insurance was created in 1997 to provide the market with a Canadian based title insurance product designed to be purchased with the advice and assistance of real estate lawyers. TitlePLUS title insurance is… Read More »
Categories: 2012 December Resolutions, Articles, TitlePLUSApplying for TitlePLUS coverage simplified effective Aug 15
Fifteen years of experience in the title insurance business have led to ongoing refinements to the titlePLUs program. this year was no exception. Read on to learn about the changes that took effect on August 15, 2012.< Underwriting streamlined for mortgage lenders For residential transactions up to $1 million, the underwriting requirements have been simplified.... Read More »
Categories: 2012 December Resolutions, Articles, TitlePLUSTitlePLUS update: Careful management of risks, claims paves way for TitlePLUs program’s future
Managing risk: Rigorous underwriting The 2011 policy year marked a period of fine-tuning for the TitlePLUS title insurance program, now headed into its 15th anniversary year. Rising building compliance-related claims costs in recent years prompted our underwriters to make some underwriting changes in 2010 that were deemed prudent for the program’s long-term success. Subsequent additional… Read More »
Categories: 2012 May/June - Year in Review 2011, Articles, TitlePLUS