Stewart Title Logo Residential Purchaser Policy
Related Links
Sample Policy 

The Stewart Title Residential Purchaser Policy provides protection to purchasers of real estate by guarding against loss incurred due to title and property related defects that generally are pre-existing and unknown to the purchaser at the time of purchase.

The Residential Purchaser Policy provides cover for properties that are zoned residential and rural. It applies to all types of title, except company title.

For a one time premium, the purchaser is indemnified forever on a no fault basis for losses up to 200% of the purchase price of the property.

For full details on premiums, refer to a Premium Schedule.

Cover is provided for a broad range of risks. Purchasers are covered for actual loss caused by risks such as:

Stewart Title also provides cover against the following risks where the circumstances creating or giving rise to these risks occur after settlement:

Standard cover is also offered for the period between settlement and actual registration of documents to guard against a third party interest registered on title after settlement but before registration of the insured’s interest.

Stewart Title can also provide cover over known defects discovered in the course of the conveyancing transaction for no additional premium. If a defect is discovered, please contact our Underwriting Department for custom underwriting.

In addition to covering actual loss suffered by the insured, Stewart Title has a duty to defend the insured’s title. Stewart Title will also cover all of the insured’s costs, legal fees and expenses if we need to defend their ownership.

Further, Stewart Title will reimburse rental charges for an equivalent property if the insured cannot use the property as their home because of circumstances insured under the policy. The rental charges will continue to be reimbursed until the cause of the claim is resolved or until you are able to resume the use of the property as your principal place of residence (whoever is the earlier).

Like all insurance policies, the Stewart Title policy excludes certain risks from cover. Some of these standard exclusions include:

For full details of our standard cover and exclusions from cover, refer to the Residential Purchaser Policy.

This policy is also available for existing home owners. Please contact us for more information or download an order form.