Commercial Title insurance protects your investment when you buy commercial property. Without such Commercial Title insurance, your legal ownership of a commercial property you thought you purchased could be in jeopardy due to unseen faults with the property’s title. Whether
you plan on being a landlord to other businesses or to occupy the structure yourself, your investment in commercial property is too great to endanger for want of such vital protection.
Your title company and its staff of professional examiners will conduct a thorough search of all public records before the property purchase but, despite such good faith efforts, not every search discloses all faults in the title.
Previous ownership, unsatisfied liens, unpaid taxes and other problems that plague the property from the past, and about which you could have no knowledge, may crop up even after the search of public records. If that unfortunate circumstance happens, the legal entanglements and cost to you could be not only a nuisance, but also a hefty expense.
In the event such title faults do surface, your Commercial Title insurance policy will protect you and your rights. You will be covered from any troubles from the past concerning your property and you will realize that the one-time payment your Commercial Title policy requires will be money well spent.
You not only protect your investment and legal rights to the property of which you are now owner, but gain that invaluable intangible—peace of mind in knowing you are protected by your Commercial Title.
Visit the American Land Title Association website for more information on Commercial Title.