Not all title insurance policies are created equal. In this article, we are going to discuss the various differences you may find among different title insurance policies and how to find the right one for your needs.
Title Policy Differences
Not all title insurance policies are the same. First of all, there is a distinction between the lender’s title insurance policy and the owner’s title insurance policy. The lender’s policy protects the lender, while the owner’s policy protects the property owner. Within the category of owner’s title insurance policies, there is a lot of variance as well. Every property is unique, which means that every title insurance policy is unique as well. Some properties may need various endorsements to account for conservation easements or railways, for example. Other properties may be rather straight forward and not require any endorsements. It all comes down to the property in question and the specific needs of the purchaser.
Talk to Your Title Insurance Company
The most important thing you can do is to talk with your title insurance company. Be sure to explain your specific needs so that they can draft a title insurance policy that is right for you. Open communication between you and the title company will yield the best possible results.
Experienced Commercial Title Company
With decades and decades of experience in the commercial title industry, our escrow agents, underwriters, and title closers can help guide you through the entire process. We pride ourselves on providing top-notch services to clients throughout the state of Minnesota and across the country. Regardless of where your transaction is taking place, we can help you through the process. Contact us today to learn more about the commercial real estate process or to set up your transaction. You can find us at our primary office in downtown Minneapolis.