Humber/Ontario Real Estate Course 2 Exam 2025 – 400 Free Practice Questions to Pass the Exam

Title insurance provides several advantages in real estate transactions, and one of them is that it can eliminate the need for a survey. By opting for title insurance, buyers can bypass the requirement for a survey because the insurance policy protects against issues such as encroachments, property line disputes, and other title defects that a survey would typically reveal. This can save both time and money for the parties involved in the transaction.

Option A is incorrect because while title insurance does provide coverage for certain risks, it does not guarantee coverage for all actual losses and legal expenses from claims.

Option B is incorrect because title insurance can be beneficial for both buyers and sellers in real estate transactions, as it provides protection for various issues related to the property's title.

Option D is incorrect because title insurance typically covers only those title issues that were unknown at the time the policy was issued. Any discovered title-related issue before closing may not be covered unless it was specifically included in the policy.