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Title Insurance Coverage For Value Increases And Inflation
Title Insurance Coverage For Value Increases And Inflation
04/01/2025 05:09 AM
Mark Goodman
There are a couple of ways you can protect yourself in the event that you no longer find that you have sufficient title insurance coverage as a result of property value increases or an inflated real estate market. Let’s explore the two most common options:
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Purchasing Additional Coverage - One simple solution should you find yourself in this position is to simply purchase additional coverage to account for the increase in property value. Again, this would just be a one-time fee to provide protection as long as you own the property, and it would likely be much cheaper than your original policy unless the property has gained an immense amount of value. The issue here is that while many people realize that their title policy coverage no longer accurately reflects the value of the property, they don’t actually take the necessary step to purchase additional coverage. They are willing to take this risk, but given what you stand to lose and how cheap additional coverage would be to secure, it’s simply not a wise move. We would be more than happy to help you secure additional coverage if you need it.
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Inflation Protection Endorsement - Depending on your situation and the type of property you’re seeking to protect, you may be able to add an inflation protection endorsement to your policy. This endorsement would provide additional coverage, up to a set amount, should the price of your property increase significantly following your purchase. Ask your title company if an inflation protection endorsement is something that would be wise to consider given your specific commercial property and current market conditions.
Commercial Partners Title Company
If you’re looking for title insurance coverage for your commercial property, look no further than Commercial Partners Title Company. We have decades of experience facilitating commercial transactions of all kinds. Contact us today to see how we can help you with the details of your next commercial transaction.