Most insurance policies are similar in that they protect you against potential future problems. Your car insurance protects you from future accidents on the road, for example. Commercial title insurance is different, in that it protects you from potential problems from the past.
Property records and title can be imperfect for a multitude of reasons. Perhaps someone forgot to file a document on the property 100 years ago, or perhaps a prior owner acquired the property under a false identity. While these issues are typically caught in a title search, if missed they can all seriously impact your claim to the property in question. But if you have title insurance, you’re protected against such claims.
Commercial Partners Title Company
If you have additional questions about title insurance or other types of insurance related to commercial real estate, reach out to us today! At Commercial Partners Title Company, we are known as the experts in commercial title transactions across the United States. We have decades of experience that we can put to use on your next commercial real estate transaction. Contact us at our primary offices located in Minneapolis to learn more about our commercial title services and see how we can help with your next commercial transaction.