During the title insurance process, your title insurance company works along with you to make sure you understand the ins and outs of the policy and everything it covers. But let's say there's something in your policy that you simply realize you don't like down the line? In this article, we will discuss when, if ever, you can change the language of your title insurance policy.
Title Insurance Policy Language
Most general title insurance policy forms are standardized, which means that much from the language within the policy is the same no matter who issues the policy. However, there are many sections within the policy that are changed, such as the property description, the exceptions, and the exclusions. These are the regions of your policy that require the most attention. Make sure you review these sections carefully and ask your title insurer should you have any questions or concerns.
It's not easy to simply go in and change language in your policy that you simply don't like. You might be able to remove or add an exception should you buy additional coverage or if your title issue is resolved, but generally it's best to ensure you realize the entirety of the policy before executing it. Don't assume you'll be able to change things easily later on.
Commercial Title Insurance in Minneapolis, MN
If you have any questions about your title insurance policy, or you'd prefer to find out if you can alter the language of your policy, contact a skilled title company. With decades of experience of the commercial title industry, Commercial Partners Title Company is the go-to resource for title insurance issues. Our title closers, escrow agents, and underwriters work tirelessly to provide unparalleled service to our clients. With this track record, we're recognized as experts in commercial property transactions across the country. Give us a call today to speak with our commercial title insurance experts at our downtown Minneapolis office.