The eighth instalment of our 'more than just title' series has landed.
If not managed properly, title risks can arise unexpectedly and lead to significant costs. Our Title Insurance helps protect against certain known and/or unknown title issues that might arise during or after a transaction. Explore some recent policy and illustrative claims examples below to show how cover can be applied in practice*.
Understanding title risks through claims and policy examples
Policy in action
Unknown Risk Policy: Standard purchase with affirmative cover
Background
A property investor in Tasmania was looking to acquire a commercial office with the benefit of an existing tenancy agreement.
Challenge
The buyer was risk averse and seeking general protection for certain title matters that could impact the ownership and/or use of the property. In addition to this, during due diligence, the insured’s lawyers could not conclusively verify that the use of the property was lawful, so sought affirmative cover for this point.
Why title insurance?
In this scenario, DUAL was able to include affirmative cover for the use of the property not being lawful. In addition, key coverage elements that applied under our general ‘unknown matters’ insured events included (among other coverages):
- Property ownership not being as warranted
- Undisclosed mortgages or third-party rights
- Boundary encroachments
- Breaches of restrictive covenants
- Lack of easements for the existing use
Insured value A $ 1,700,000
Premium A $ 3,060
*The examples provided are for illustrative purposes only and do not guarantee coverage. Actual claims are assessed individually and subject to the terms and conditions of the relevant policy. Any product information discussed in this marketing email and blog is subject to the terms and conditions of the policy, eligibility criteria, any additional premium for optional cover, limitations and exclusions.
If you have any questions or would like to learn more about how title insurance cover can support your clients, please don’t hesitate to get in touch with us.
|
|
|
Any product information discussed in this blog is subject to the terms and conditions of the policy, eligibility criteria, any additional premium for optional cover, limitations and exclusions.
Copyright © 2026 DUAL Australia Pty Ltd (ABN 16 107 553 257, AFSL 280193). All rights reserved.
The information contained in this blog is intended for licensed insurance brokers and other authorised intermediaries only. DUAL issues insurances on behalf of Certain Underwriters at Lloyd’s of London and/or Allianz Australia Insurance Limited, acting as their agent. The information is of a general nature and does not take into account the objectives, financial situation or needs of any person. It is intended for the use of professional intermediaries who are expected to consider whether it is appropriate for their clients. Before recommending or offering any insurance product, intermediaries should read the policy wording, relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) and assess whether the product is suitable for their client’s circumstances. These are available on request or via our website at DUAL Australia.