In the most recent podcast for, Jason Scott discuss title insurance with Heather Thoma of FCT. As a Business Development Manager at FCT, a group of companies that provide title insurance and default solutions thousands of professionals across the real estate industry, including lenders, lawyers, real estate agents, mortgage brokers and builders, Heather is an excellent grasp of the importance and cost of title insurance.

During her interview with Jason, Heather goes into more detail about the different types of title insurance, how to verify your existing or obtain a new title insurance policy, and how title insurance may work in different scenarios.

Here are a few of the key takeaways from Heather’s recorded interview:

  1. Title insurance is a type of insurance plan that has been created as a way to fill the gap in coverage between your standard insurance plan and any secondary plans you have obtained. (i.e. – health insurance)
  2. There are two different types of title insurance – a Home Owner Policy that protects the homeowner and a Lender Policy that protects the lender.
  3. Title insurance covers fraud, which is unfortunately often committed by someone you are familiar with.
  4. Issues with permits can cause problems for homeowners. In some cases, the municipality can require certain that you rebuild or at the very least update the parts of your property that do not meet certain standards – even if the addition was done by the previous owner.
  5. The cost of lifetime coverage for the Home Owner Policy and the Lender Policy is $200.
  6. If you are unsure about whether or not you have a policy, you can verify your coverage by looking at your legal package or by calling FCT.

If you have any additional questions about title insurance, please feel free to contact Jason Scott or the FTC team!