Title Insurance

How Water can Impact Property Legal Descriptions & Title Insurance

Properties that are located on or near bodies of water can present unique difficulties for examiners and title underwriters. In this article, we will discuss how bodies of water can impact title insurance and legal descriptions of property.

Changes in Water Levels

Bodies of water go through many changes throughout a given year. The water level can rise, fall, or shift significantly. In turn, this changes the shape from the adjoining land. As you can imagine, this creates an issue from a legal description and title insurance standpoint, because the property boundaries are literally changing with the water level. As a result, it's generally not a good idea to use a body of water as a boundary in a property legal description. Most title insurers will not underwrite policies for property that uses bodies of water as boundaries in the legal description. Doing so can result in lots of problems (including litigation) for that property owner.

Commercial Partners Title

When you're investing in a commercial property, it's important to obtain an owner's policy of title insurance to protect your interest within the property from any future claims. At Commercial Partners Title, we specialize in underwriting title policies for commercial properties. We are the recognized experts in commercial transactions in Minnesota and round the country. Contact our team today at our downtown Minneapolis office to set up a time to chat about the details of the commercial transaction and see how we can help you reach the closing table.

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