UCC Insurance Services

Ridge Abstract Corp., through our underwriter, offers UCC Insurance for lenders and buyers.

A Lender's Policy insures the attachment, perfection and priority of the secured party's security interest in personal property. It provides previously uncovered risks such as forgery, mis-indexing, gap, lack of capacity and incorrect filing rejection. The UCC Policy decreases reliance on or cost of legal opinion letters and provides an alternative to no-opinion self insurance of the representations of the borrower.

The Owner's Policy insures that the acquired assets are free of lien, including not only the liens of the seller, but also the liens of the intermediate seller of the acquired assets to the seller. The Owner's Policy can be used in a sale of assets, a merger, or any similar transaction.

In addition, Ridge Abstract can provide a title insurance policy for the purchase or refinance of a co-operative unit.

Contact us to find out more about UCC insurance services.