Which type of title insurance policy protects the owner of commercial property?

The owner's policy is specifically designed to protect the interests of the property owners, particularly those who own commercial real estate. This type of policy safeguards against various types of risks that could affect the ownership of the property, such as undisclosed liens, errors in public records, or potential ownership disputes.

By acquiring an owner's policy, the property owner gains assurance that they are protected from financial losses that may arise due to title-related issues that were not evident at the time of purchase. This level of protection is essential for commercial property owners, who often have significant investments at stake.

While other types of policies, like a loan policy, safeguard the lender's interests in the event of a default, they do not provide the same level of protection for the owner. The plain language policy may be easier to understand, but it does not specifically cater to the comprehensive needs of commercial property ownership. A business policy is typically related to business operations and liability rather than the security of the property title itself. Thus, the owner's policy is the most appropriate choice for protecting the owner of commercial property.