Which type of legal entity can be insured in a land title policy?

The correct answer highlights that commercial entities, including Limited Liability Companies (LLCs), can indeed be insured in a land title policy. This reflects the broad range of entities that can be involved in real estate transactions. Land title policies are designed to provide insurance coverage for the ownership interests in real property, and this can extend beyond just individual or corporate ownership.

Among commercial entities, LLCs are particularly noteworthy because they offer the benefits of limited liability while allowing for flexible management and tax treatment. Title companies will typically insure the interests of an LLC if that entity is the owner of the property, thereby protecting against potential title flaws.

In various real estate transactions, it's common to see different legal structures utilized for ownership. The inclusion of any registered business as part of the insurable entities under a land title policy underscores the importance of promoting a wide access to security in ownership rights across all forms of legally recognized business structures. This policy framework allows for greater participation in property ownership, from solo proprietorships to complex corporate entities, respecting the diverse ways individuals and groups engage in real estate.