Available in British Columbia only, Stewart Title’s single-risk Survey-Only Policy provides coverage for losses arising from survey related risks for commercial properties. With the steep cost of surveys in BC, this policy is a cost-effective alternative for those looking exclusively for survey coverage.
This policy can be ordered for commercial owners up to $25 million ($12 million for vacant land) and for commercial lenders up to $50 million. Insureds are covered for as long as they retain an interest in the property.
This policy is available for properties such as:
Generally, the amount of insurance for the Commercial Survey-Only Policy for owners is the purchase price of the property and for lenders, it is the mortgage amount.
Stewart’s Commercial Survey-Only Policies provide coverage for losses arising from many types of survey related risks. Unlike our Standard Commercial Policies, this Survey-Only Policy does not include additional endorsements and does not insure against losses from matters such as title defects, liens, access, and title fraud.
The Survey-Only Policy provides coverage for losses arising from:
Contact us for additional information.
For properties with an existing survey, any defects it reveals must be disclosed to Stewart Title prior to closing for underwriting review. Properties over 10 acres are subject to underwriting review. The coverage provided may be impacted by transaction specific exceptions listed on Schedule B of the policy.
Owner Survey-Only Policies do not provide coverage for the removal or reconstruction of crops, landscaping, lawn, shrubbery, trees, boundary walls and fences.
This website is intended to provide information that is of a general nature and is subject to modification. Coverage and requirements can vary depending on the location of the property involved. Please review your actual Stewart Title policy for full coverage details.