Our owner policy covers buyers or existing owners of commercial property against actual loss or damage associated with title defects and certain off-title matters.
A more secure borrower means a better-protected lender. For a one-time premium, borrowers are protected for as long as they own the property. While the policy is typically issued at the time of a property purchase, it can be arranged at a later date.
The amount of insurance is usually equal to the purchase price of the property.
If your borrower is looking for more information about how a commercial owner’s policy can benefit them, recommend that they speak with their lawyer or notary.