First American Title in Hong Kong
We help to facilitate efficient and secure property transactions in the Hong Kong and Asia markets.
About Title Insurance
Every property has a history, and that history can affect your right to own and enjoy your home. A title search can help uncover — and remedy — title defects tied to your property. Then, subject to the terms of the policy, your owner's policy of title insurance can provide protection from title problems that may become known after you close your transaction.
These title issues could include things like:
- Errors in public records
- Illegal deeds
- Unknown leins
- Missing heirs
What is Title Insurance?
Watch the video to find out how an owner's policy of title insurance can protect your home.
Frequently Asked Questions (FAQs)
Why does someone need title insurance when they can rely on their lawyer?
Even in a situation in which a lawyer has exercised his/her utmost due diligence, there are still some risks, such as fraud, that they cannot discover from title investigation and many items that are excluded from the lawyer's opinion, such as checking that signatures are genuine and internal corporate approvals and processes have been followed. In many countries in Asia, lawyers are not required to carry professional indemnity insurance, so even in the event that it were possible to prove the lawyer had been negligent, sufficient financial compensation is unlikely to be achieved.
Furthermore, property transactions may be delayed or cancelled by title defects identified through a lawyer's title investigation. Our Defective Title Insurance Policy covers many of these so that transactions can be facilitated.
Title insurance provides "belt and braces" coverage for those items which the solicitor has reviewed, while also providing additional coverage over other unknown defects.
Does the owner need to do anything to prove a lawyer was negligent in creating or failing to identify a title defect?
No, this is a "no-fault" policy. If a claim has arisen that is covered by the policy then the insured simply notifies us and we will take action as outlined in the policy. There is no need to litigate to prove fault.