a. Why are Europeans buying title insurance?
For cross-border transactions, title insurance eliminates the burden—and reduces the risks—of coordinating the multitude of national ownership protection rules (e.g. Grundbuch in Germany, Cadastre in France and Land Registry in the UK).
Transactions are, therefore, safer and easier, particularly important in light of the rising volume of indirect real estate transactions through corporations, funds or limited partnerships.
b. Is title insurance only for investors or can it also help sellers?
In many instances, a title policy can replace sellers’ representations and warranties relating to title:
c. Can title insurance play a role in loan syndication or in the sale of entire loan portfolios by banks?
While there are efforts to "harmonise" public market rules within the European Union, it will take decades to move forward. Title insurance already enhances efficiency and liquidity of mortgage markets by:
d. What law applies to the policy?
Policies will be subject to English law or local law as required by the insured.
e. In what currency are the amounts insured?
Policies can be issued in Euros or in Pounds Sterling
f. Where in Europe can title insurance be used?
Secure Legal Title provides legal indemnity and title insurance for commercial properties in the UK and throughout Europe.
Our underwriters have extensive experience in property transactions in Bulgaria, the Czech Republic, Denmark, France, Germany, Hungary, Ireland, Italy, Luxembourg, the Netherlands, Poland, Romania, Slovakia, Slovenia, Spain, and the UK.