Regardless of the size or the nature of your business, accidents and losses happen. There are clients who have reported losses because of theft, fire, storm damage, among others. Since we can’t predict when or if these things will ever happen on our property, it is important to always have the right protection with a complete commercial insurance policy with companies like Escrow Settlement Services.

Title insurance Texas is a form of indemnity insurance that protects the holder from loss sustained from defects in a title to a property. The most common type of insurance type of title insurance is the lender’s title insurance, in which the borrower purchases coverage only to protect the lender.
Why is Commercial Insurance Important to Have An investment in title insurance protects you from these common title clouds.

Delinquent Taxes, Liens and Legal Judgements

If a property owner’s creditors haven’t collected what they are owed, they can file liens against real estate, which must be resolved before the transfer of the title. Property owners must also resolve unpaid taxes, child support, and legal judgements before they can sell.

Unknown or Unreported Heirs

If a property owner dies without leaving a will, previously unknown family members with a legitimate claim may appear. And even though there is a will, a crafty attorney can delay a real estate transaction for months or years in probate court.

Clerical Errors

Typos happen all the time, but when they happen on a legal document, they can cause serious problems and complications. Clerical errors are easy to resolve when identified early, but they still cause delays.

Forgery and Fraud

Usually, fraud is thought of as a big criminal conspiracy. However, fraud can be something as simple as a forged signature by a motivated seller looking to speed up a sale. Irrespective of the intention, forgery and fraud can delay a sale for long periods of time delaying title commitment.

Title disputes are inconvenient and expensive, and you don’t want to pay for them out of your own pocket. A small investment in title insurance is the best way to protect yourself, and the process easy and quick.

About Gregg County Title: Gregg County Title gives far-reaching of title commitment and insurance protection for commercial property.

Contact
Gregg County Title
4001 Technology Center
Longview, TX 75605, USA
Tel: +1 903-653-4188