Title insurance may assist in commercial real estate transactions and can help protect your investment and safeguard you against potential financial losses caused by legal matters impacting either the use of a property or the ownership of a property.
There are two main policy options that should be of interest to buyers of commercial real estate:
1. ‘Unknown Risks Cover’ provides cover for title issues that existed at the time the property was acquired but were unknown at that time. This is the most common form of title insurance.
2. ‘Known Risks Cover’ should be considered if a specific title issue or defect affecting the property has been identified.
If you have any questions or would like to learn more about how title insurance cover can support your clients, please don’t hesitate to get in touch with the title insurance team.
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Any product information discussed in this blog is subject to the terms and conditions of the policy,eligibility criteria, any additional premium for optional cover, limitations and exclusions. The information is of a general nature only and does not constitute financial advice under the Financial Markets Conduct Act 2013.
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The information contained in this blog is intended for licensed insurance brokers and other authorised intermediaries only. DUAL issues insurances on behalf of Certain Underwriters at Lloyd’s of London and/or HDI Global Specialty, acting as their agent. The information is of a general nature and does not take into account the objectives, financial situation or needs of any person. It is intended for the use of professional intermediaries who are expected to consider whether it is appropriate for their clients. Before recommending or offering any insurance product, intermediaries should read the policy wording and assess whether the product is suitable for their client’s circumstances. These are available on request or via our website at DUAL New Zealand.