Insurer Ordered To Provide Coverage In Ontario Title Insurance Lawsuit

A Toronto homeowner was recently awarded coverage against hidden structural defects in home 7 years after purchase.

This just goes to show that when buying a property, it is often a good idea to purchase property title insurance for protection against unknown risks or problems.

This was aptly illustrated in the recent case of MacDonald v. Chicago Title Insurance Company of Canada, 2015 ONCA 842 (CanLII). In that case, Paul and Stefanie MacDonald purchased a home in Toronto in 2006, along with a property title insurance policy from the Chicago Title Insurance Company of Canada. The Chicago Title policy provided insurance coverage for:

"Covered risks, if they affect your Title," with Title being defined by the policy as "the ownership of your interest in the Land."