Humber/Ontario Real Estate Course 2 Exam Practice

Title insurance in Ontario covers which of the following scenarios?

1. Fraud and forgery

2. Foreclosure

3. Commercial tenant defaults

4. Future zoning changes

The correct answer is: Fraud and forgery

Title insurance in Ontario covers scenarios such as fraud and forgery. This means that if someone forges your signature or engages in fraudulent activity related to your property title, title insurance can provide protection. It is important to have this coverage to safeguard your ownership rights and financial interests in case of such malicious actions. Options B, C, and D are incorrect because title insurance usually does not cover foreclosure, commercial tenant defaults, or future zoning changes in Ontario. These scenarios fall under different types of insurance or legal processes, and title insurance typically focuses on issues related to the property title specifically, like fraud and forgery.