Title Insurance
Also known as: BC title insurance · Owner title policy · Lender title policy · FCT title insurance · Stewart Title insurance
A one-time-premium policy bought at closing that covers the owner, the lender, or both against loss from a title problem that pre-dates it. Title fraud, encroachments, survey errors and unresolved work orders are the usual claims.
Title insurance is an indemnity policy paid as a one-time premium at closing that protects the buyer (owner's policy) and/or lender (lender's policy) from financial loss caused by title defects discovered AFTER closing: fraud, undisclosed liens, unregistered easements, encroachments, survey errors, work orders, and zoning violations that pre-date the policy date.
On the buyer's statement of adjustments the premium is its own line, paid from the completion funds and separate from the lawyer's or notary's fee: about $200 under $800K, about $1K from $1.5M, and $200 to $1K in between. Title insurance is NOT statutorily required.
Ask what the lender title insurance is doing on your closing-cost statement. Lender title insurance commonly replaces the lender's requirement for an updated Real Property Report on detached homes, which saves the cost of a survey. A lender's policy insures the lender, not you; only an owner's policy insures the owner. Each policy lists what it covers and excludes, so ask your lawyer or notary to explain the exclusions before closing.
Two leading providers in BC: First Canadian Title (FCT) and Stewart Title.
Related terms
- Real Property Report (RPR)A surveyor drawing that shows where the legal boundaries actually run and where the buildings, fences and decks sit against them.
- BC Land Title Office (LTSA)The BC land registration system operated by the Land Title and Survey Authority (LTSA) under the Land Title Act, RSBC 1996, c.
- Closing Day (Completion)Closing day, or completion, is when the buyer's lawyer registers the title transfer at the BC Land Title Office and the money reaches the seller.
See also
Verified sources (1)· re-verified Nov 6, 2026Show sources
Every claim on this page is sourced to a primary government, regulator, or industry-association URL. We re-verify quarterly; the verification dates below show when each source was last confirmed against the live government page.
- Bronson Jobretrieved Nov 6, 2026Bronson Job, REALTOR® at Momentum Realty Inc.: title insurance line on BC buyers' statements of adjustments, 2020–2025: typical amounts, no published schedulehttps://www.bronsonjob.com/about
None published: no regulator or insurer publishes a premium schedule, so these are typical amounts from completion statements, read 2026-10-13. The earlier $300 to $400 owner and $200 to $300 lender figures on this entry were unsourced and are replaced.
bc.title_insurance.overview · v2View in Codex →Review dates, licence and how to cite this entry
- Rule effective
- 2026-10-13
- Last verified
- 2026-11-06
- Next scheduled review
- 2027-10-09
Use any of these formats. Codex content is licensed under CC BY 4.0 — attribution required.
@misc{bronsonjob-bc_title_insurance_overview,
author = {Job, Bronson},
title = {{BC title insurance overview}},
howpublished = {BC Real Estate Codex},
year = {2026},
url = {https://www.bronsonjob.com/codex#bc.title_insurance.overview},
urldate = {2026-11-06},
note = {Fact ID: bc.title_insurance.overview, version 2.}
}Job, B. (2026). BC title insurance overview. *BC Real Estate Codex*. Retrieved 2026-11-06, from https://www.bronsonjob.com/codex#bc.title_insurance.overview
BC title insurance overview — Bronson Job PREC, BC Real Estate Codex (2026-11-06). https://www.bronsonjob.com/codex#bc.title_insurance.overview
Fact id: bc.title_insurance.overview · v2 · machine-readable: /api/v1/facts/by-id/bc.title_insurance.overview.json
License: This definition is licensed under CC BY 4.0. Cite as: "Title Insurance", BC Real Estate Glossary by Bronson Job, https://www.bronsonjob.com/glossary/title-insurance.