How Fairway Endorsements Can Be Used in Title Insurance

05/29/2024 04:38 AM Mark Goodman

Fairway endorsements are one of many types of endorsements that can be utilized in a commercial title insurance policy. In this article, we are going to discuss fairway endorsements – what they are and why they are used when underwriting title insurance.

Fairway Endorsements

The Fairway Endorsement is typically used when the insured owner is a partnership. With this endorsement the Company agrees that in the event of a claim it will not assert as a defense that the coverage under the policy has been terminated because the insured partnership has been dissolved by the admission or withdrawal of a partner or a change in a partner’s interest in the partnership. Variations of the Fairway endorsement have been created which provide similar coverage to limited partnerships and limited liability companies on the same theory that those entities continue to exist when partners or members depart or enter.

Fairway endorsements are available for owner’s title policies but not for lender’s title policies.

Get Title Insurance for Your Commercial Property

Get title insurance for your commercial property today by contacting the team at Commercial Partners Title Company. Our team has a combined 200 years of experience in the commercial title industry. We can help you figure out the details of your next commercial transaction well in advance of the closing date so you are fully prepared when it comes time to close. Our experts work with clients throughout the United States. You can contact us at our downtown Minneapolis office today to learn more about our service offerings and see how we can help you with the details of your next transaction.