Market Value Endorsement: Although the Platinum Title Insurance policy for homeowners contains a standard provision that will compensate an owner for up to 200% of the policy amount for actual loss as a result of a covered title risk, , this may not be enough coverage in areas of the country where property values have increased significantly due to the market. The Market Value Endorsement is an enhancement to the title insurance coverage that will provide homeowners with peace of mind as real estate values continue to increase. The Market Value Endorsement ensures that the policy amount reflects the increase in value of the homeowner’s property due to market conditions. Should the homeowner suffer a loss as a result of a covered title risk, the endorsement will provide coverage for that loss up to the current market value of the home. Please note that this endorsement excludes coverage for an increase in value due to renovations undertaken by the homeowner.
The Market Value Endorsement can only be added to a new or existing homeowner policy. When purchased at the time the order is placed, there is an additional charge of 10% of the homeowner policy premium. If the endorsement is purchased subsequently, there is an additional charge of 20% of the homeowner policy premium².; ²This material is intended to provide general information only. For specific coverage and exclusions, please refer to the title insurance policy and/or any applicable endorsement thereto. Insurance is provided by FCT Insurance Company Ltd.

Residential Title Insurance