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Lang Michener LLP lawyers remain the leading experts on title insurance in Canada
Bruce McKenna, with significant assistance from Matthew German and Bob Fraser, has completely redrafted the title insurance sections of the CCH Ontario Real Estate Law Guide published by CCH Canada. These are the title insurance sections under the Divisions of the Guide relating to Professional Duties and Liabilities, Mortgages and Title Conveyancing. Bruce originally drafted them in 1997 and has updated them from time to time since then.
Title insurance in Ontario has gone through a great number of changes over that period of time and has now become a standardly used option for lawyers in connection with residential and commercial purchases and, more frequently, residential and commercial loans. Title insurance is offered by six licensed title insurers in Ontario: Chicago Title Insurance Company, First Canadian Title Insurance, Lawyers Professional Indemnity Company, Lawyers Title Insurance Corporation, Stewart Title Guaranty Company and Travelers Guarantee Company of Canada, who each offer a variety of policies using a number of different approaches.
These sections of the Guide are an attempt to outline the nature and scope of title insurance policies, compare the coverages offered and talk about the manner in which it can be made available to a lawyer’s clients. All of this designed to assist lawyers in Ontario to meet their obligations under Rule 2.02 of the Rules of Professional Conduct which require lawyers to be knowledgeable about title insurance and discuss with clients the various options.
The Guide has been updated to include a series of new commercial policies offered by title insurers and makes suggestions as to the ways in which lawyers can serve their clients and meet their professional obligations by discussing those policies and their terms. The material also reviews extensively the various endorsements that can be obtained from title insurers to enhance coverage or to make it fit the specific needs of a client. The sections also deal with amendments to the coverages offered under residential policies. The material encompasses more than 250 pages and reviews each those areas in some detail. You can access the material through a written copy, CD or on-line through www.cch.ca. Bruce is one of the members of the advisory board to the CCH Ontario Real Estate Law Guide.
September 22, 2009 | Permalink
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Comments
Thanks for the update.
Posted by: easyrent | Sep 30, 2009 12:54:01 PM
Your blog is very informative, I have learned so much from it. It is like daily newspaper :). Added to fav’s.
Deirdre G
Posted by: real estate in Philippines | Mar 8, 2010 1:00:55 AM
Had your blog bookmarked. Useful pieces of info you have there.
Posted by: real estate blog | Jul 27, 2010 1:38:39 AM
I've read this somewhere before. Good thing that I found it again. Nice read.
Posted by: philippine condos | Jul 27, 2010 1:40:23 AM
Great post! Thanks for sharing with us. It is much necessary to keep up with the new commercial policies, as these changing time and again. The article has covered most of it and I'm sure it will be helpful for others also. Hey can anyone suggest me where I'll get the local real estate listings in Ontario.
Posted by: DavidLeeman | Sep 7, 2010 2:02:02 AM
Commercial Policies are really hard to keep up with - thanks for providing this info!
Posted by: Calypso Bay | Sep 29, 2010 10:09:19 PM
Its great post.Keep up the commercial policies changing time again.
Posted by: Homes in orange county | Mar 23, 2011 4:53:01 AM
Very interesting read. Is there a good source of information you could refer me to regarding title insurance?
Posted by: Andrew | Aug 13, 2011 4:11:46 PM
i was thinking to make my home and need best construction experienced persons and thanks GOD i find you .
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