Ace the Humber/Ontario Real Estate Course 4 Exam 2025 – Unlock Your Property Potential!

Title insurance is a type of insurance policy that protects real estate owners and lenders against any property loss or damage they might experience because of liens, encumbrances, or defects in the title to the property. One characteristic of title insurance is that it includes both loan policies and owner policies. Loan policies protect the lender's interest in the property while owner policies protect the homeowner's interest. Therefore, option A is the correct choice.

Regarding the other options:

B. Title insurance can legally insure over minor encroachments depending on the specific policy and endorsements.

C. While title insurance can sometimes eliminate the need for a new survey, it does not remove the necessity for a survey entirely.

D. Title insurance coverages can vary depending on the specific policy and the insurance provider, so it does not have uniform coverages throughout the province.