Many people are confused by commercial title insurance and its benefits. The fact of the matter is that title insurance protects owners from any future claims brought on their property. In this article, we are going to discuss how a title insurance policy can help protect you against a claim.
Protecting the Insured
An owner’s policy of title insurance acts to insulate the property owner from any defects in title, and any potential future claims on the property. During the title insurance process, your title company will perform an extensive review of the chain of title – searching for and resolving any errors or issues they find. However, nobody’s perfect and sometimes, issues are overlooked that can cause claims to arise in the future. If a claim does arise, your title policy will protect you and your title insurance company will:
- Defend your title to the property (in court if needed) at no added cost to the owner.
- Settle the case and bear the associated costs to protect your title to the property.
Commercial Title Experts
At Commercial Partners Title, we are recognized as the experts in commercial real estate transactions in Minnesota and across the United States. Our team of title closers, escrow agents, and underwriters have been providing unparalleled commercial title services to clients for decades. We partner with all of our clients to provide tailor-made solutions for their title needs. Contact us today to speak with one of our commercial title professionals. Our main office is located in downtown Minneapolis but we work with clients throughout the state of Minnesota and around the country.