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Insurance Commercial Property

Phyllis Said:

Do you need title insurance for a commercial property?

We Answered:

Title insurance is always a good idea. Before a Title Insurance Company will issue a policy, it will research the property to make sure there are no outstanding claims against it (tax liens, previous owners claims, trusts). Without this, you take a chance of someone making an expensive claim and then you would have to pay them off.

Eric Said:

Why do insurance companies make you get a commercial property policy when you own a lot of houses?

We Answered:

Veda P, Home insurance is actually very flexible. I don't understand all the details of my home policy, but my home insurance agent is always a phone call away. Try calling your agent or a agent in your town. http://www.goodinternetdeals.com/Home-Insurance.html They should be able to assist you.

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