Did you know that, under our Title Insurance offering, we can insure certain legal risks that impact ownership and/or use of commercial real estate (Known Risks)? Known Risks are typically identified by a buyer or disclosed by a seller before a transaction is signed. If not managed properly, they can cause buyers significant financial loss.
Here’s what you need to know about our Title Insurance appetite:
- We insure commercial real estate located in Australia, New Zealand, Hong Kong and Singapore.
- Up to USD 150 million of cover is available per asset/transaction.
- Typically purchased when a sale, development or financing of real estate is occurring.
Here are some commonly Known Risks that we can insure:
- Unapproved/illegal building works
- Issues with permits and certificates (building, planning, occupancy, etc.)
- Restrictive covenant breaches
- Unfulfilled historical planning obligations
- Access issues
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- Third party rights
- Boundary issues/encroachments
- Missing documentation
- Easement breaches
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Why should my client insure these Known Risks?
- Known Risks have the potential to cause significant delays, or can derail a transaction entirely. Title Insurance can be a quick and cost-effective solution.
- It transfers risk from the buyer and/or seller, helping to preserve the commercial relationship between the parties.
- It can assist with financing. Lenders with a conservative risk appetite may be appeased by having a Title Insurance policy in place.
Further resources
If you would like to learn more, or if you have a submission for a Known Risk, please do not hesitate to get in touch with the team.
Title Insurance Specific Risks FAQs
Title Insurance Claims and Policy Examples