CHAPTER 11.06. Title Insurance

• Jurisdiction: United States

11.06. Title Insurance

Like title insurance for real property, many title insurers offer insurance to secured parties insuring priority of security interests in personal property as well. For example, First American Title Insurance Company offers its Eagle 9 policy, and the Fidelity group offers U.C.C. Plus. Depending on the size of the transaction and the value of the personal property as collateral, a lender may require such insurance. This type of insurance is particularly useful in a mezzanine loan, where the mezzanine lender's only collateral is the borrower's...