The success of your client’s business rests on strong foundations — vision and investment, as well as earth and concrete. The properties that support your client’s business face unique challenges and unexpected hurdles. Your clients deserve expert solutions and unmatched service to meet them. CTIC title insurance protects your client’s real estate assets against unexpected losses while providing the custom-fit care and service your client’s business deserves. Let CTIC protect that business’s foundations so your clients can focus on the growth and success that put their business on top.
Commercial Title Insurance
COMMERCIAL PROPERTY OWNERS
Whether you’re starting up your business or looking to expand, you need to protect yourself from risk. Without title insurance, your commercial property is vulnerable to sudden expenses from compliance issues, and losses from fraud or identity theft. The small premium can pay huge dividends, saving you valuable time and resources with custom entitlements to suit even the most specific needs. Let CTIC help you focus on doing what you do best: growing your business.
Chicago Title offers a comprehensive commercial loan policy coverage with 14 Covered Risk contained in the Policy Jacket and over 40 endorsements available to meet every need of your commercial transactions.
Some of these endorsements include:
- Government Response
- Work Orders and Compliance
- Post Policy Fraud
In the commercial space, customization is our specialty! We insure a variety of different interests and types of properties such as Indigenous lands, mining interests and energy projects. We have tailored endorsements to address the specificities of these unique transactions.
Coverage only available through title insurance
Even the best title opinion does not protect a lender against:
Defense Costs — Legal costs incurred in the defense of any risk insured under the policy are included with every policy. This is over and above the Amount of Insurance.
Survey/Real Property Report Errors — Title insurance covers issues that should have been revealed or an error in the Survey/Real Property Report.
Known Defects — Transactions can close on time even with defects or issues that will be insured over by title insurance.
Mistakes in Searches — Searches may be conducted with quasi-governmental authorities, but we are seeing an increasing number of errors. There is coverage if the search results are inaccurate.
Opinion Errors — Title insurance is no-fault insurance, no need to commence a lawsuit against anyone to recover a loss for a risk covered under the policy. Upon proof of loss, the claim is paid.
Forgery, Fraud and Impersonation — These issues can cause a mortgage to be invalid or enforceable, but often are not foreseeable. Title insurance protects a Lender from such losses.
Gap Coverage — Protection against intervening registrations between the advance of funds and registration.
MENU OF SERVICES
Our title solutions provide evidence of title and insure real property ownership, the cornerstone to a safe and successful real estate transaction.
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