Commercial Real Estate

What is title insurance and why is it necessary?

Title insurance is nothing more than an insurance policy that provides assurance to interested parties that there is good and marketable title to the property being insured. However, this never means that title insurance guarantees perfect title. As with all insurance, there are a number of different types of policies and endorsements. There are also many exceptions to title, which all tie back into information in the preliminary title report. These include specific exceptions listed on the property to be insured, as well as standard exceptions.

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