Close your real estate transactions with Chicago Title's Gap Coverage!
Amid the preventive measures being put in place across the country pertaining to COVID-19, you can close your transactions with confidence, as GAP coverage is available, should the Land Titles / Registry Offices be forced to close for a period of time.
During any potential closure, you can rely on Chicago Title’s Gap Coverage included in Chicago Title's residential and commercial title insurance policies to close residential and commercial transactions! Gap Coverage insures both purchasers and lenders against losses due to intervening registrations on title between the date of closing and the date of registration.
Provided the Title Search is dated no later than 30 days of closing and all documentation required for registration is fully executed and ready for submission at the Land Titles Office, Chicago Title will protect purchasers and lenders. When the Land Titles Office reopens and documents have been processed for registration, please notify Chicago Title of any intervening registration. Please note that policies cannot be cancelled once registration has occurred.
Don’t settle for anything less than a full title insurance policy containing optimal coverage for your clients. GAP is important, but a complete title insurance policy will better protect your clients!
As part of our business continuity plan at Chicago Title Insurance Company Canada, we are closely monitoring the ongoing outbreak of coronavirus disease (COVID-19) and following recommendations and guidelines from the Public Health Agency of Canada.
The safety of our employees, community, and clients is our primary concern. There are a number of measures we’re taking to ensure we manage to safely get through this situation while continuing to serve our community and clients effectively. We will continue to operate normally without any disruptions or delays in our services.
Thank you for choosing Chicago Title for your title insurance needs! We truly value your business.