Should I obtain “title insurance”?
At Conveyancing Excellence, we strive to protect the interests of our clients. One small one we do this is by recommending that our purchasers obtain title insurance over their properties. Here’s a good example as to how title insurance came in very handy for clients of ours, Nick and Lyn, last year when they bought their home…”We are very happy that Matt from Conveyancing Excellence recommended that we take out First Title Insurance prior to settlement of our property in April, 2015. Consequently, we were required to lodge a claim due to excessive leakage and drainage problems discovered shortly after we moved in.
The council came and inspected our concern and later issued a Building Order because the veranda was constructed without a Building Permit and was deemed an illegal construction. We claimed on our First Title Insurance Policy. Our claim was accepted without any problems and so the process began with assistance from a Building Surveyor, Architect, Council and us obtaining quotes from builders. Our selected builder’s quote was approved by First Title. We were happy with our builder and the work conducted. The costs totalled over $20,000 and we now have a Certificate of Final Inspection and a new and compliant veranda (amazing value for a policy costing less than $500). Keeping First Title informed of the progress was important. Excellent service from all parties.” Nick and Lyn T.
So, next time you purchase a property, maybe perhaps you should ask yourself “Can I afford not to obtain title insurance?”. Matt Duker
Contact Matt Duker
Director & Licensed Conveyancer (Licence No 000935L)
We'd also like to send you and your team our utmost thanks for making this whole process exceedingly easy. As first-time home buyers we had no real idea what we had to do, but you explained everything clearly, answered all our questions, and generally just smoothed the way for us. We really, really appreciate it! Kind regards,Nelika H & Matt H - Elsternwick home buyers Nov 2016