Q. When should I order a Residential or Commercial Purchaser Policy?

A. You should order the Residential or Commercial Purchaser Policy after exchange of contracts but before or up until the date of settlement.

Q. Can my client obtain title insurance even if they already own their property?

A. Yes. We offer a Residential Existing Owner Policy and Commercial Existing Owner Policy for owners of residential or commercial property. Contact our Underwriting Department on 1800 300 440 or visit our website www.stewartau.com to find out how to order an Existing Owner Policy.

Q. Is there a difference in coverage between the Residential or Commercial Purchaser Policy and the Residential or Commercial Existing Owner Policy?

A. Similar cover to the Residential or Commercial Purchaser Policy is provided under the Residential or Commercial Existing Owner Policy for risks which existed at the date that the property was originally purchased.

More significantly, the Residential or Commercial Existing Owner Policies provide cover against loss resulting from fraud and includes a duty to defend. Contact our Underwriting Department on 1800 300 440 or visit our website www.stewartau.com for further details or a sample policy.

Q. Does coverage start from the date of settlement or the date in which payment is made?

A. The Policy Date is the date when settlement of your client’s purchase occurs.

Q. If my client discloses an adverse matter regarding the property, will they still receive coverage?

A. Yes, Stewart Title can provide cover over known defects for residential purchase transactions. Cover provided over known defects is made on a case by case basis. Contact our Underwriting Department on 1800 300 440 for further information.