Ontario Barrister and Solicitor Practice Exam

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What does title insurance traditionally provide coverage for?

  1. Natural disasters only

  2. Title, marketability, defects, and access

  3. Theft and vandalism

  4. Accidental damage to property

The correct answer is: Title, marketability, defects, and access

Traditionally, title insurance provides coverage for title defects and marketability issues such as liens, encumbrances, and errors in the title. It also covers the buyer's legal access to the property. Options A, C, and D are incorrect because they only cover specific situations and do not provide overall protection for the title of the property.

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