Title Insurance protects buyers of commercial real estate against financial loss arising from legal issues that affect either the ownership or use of a property. It is an important but often overlooked layer of protection in commercial property transactions.
There are two main policy options available:
1. ‘Unknown Risks Cover’, the most common form of title insurance, providing cover for title defects that existed at the time of acquisition but were unknown to the buyer at settlement.
2. ‘Known Risks Cover’, designed for situations where a specific title issue or defect has been identified in due diligence or disclosed by a seller, allowing the transaction to proceed with appropriate protection in place.
In this session, Chris and Ed will cover:
1. What Title Insurance is and how it works
2. Why the Torrens System alone does not provide sufficient protection
3. The different policy forms available (Known & Unknown Risk cover)
4. Real life policy and claims examples
5. How to introduce Title Insurance into client conversations
6. Pricing, appetite, and the submission process
By the end of this session, attendees will have a clear understanding of why Title Insurance matters for buyers of commercial real estate and how to position it effectively with their clients.