X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-Stewart Water Information, LLC, a subsidiary of Stewart Information Services Corp., is now licensed in Colorado to provide water rights title insurance. Scarcity of water in Colorado and other Western states has made ownership of water rights a crucial business.

Water rights are bought and sold much like real estate in many parts of the country.

“Ownership of Water Rights” reports and water rights title insurance provide security similar to what a title search and title insurance provide for a property sale.

“With increased population and business in these dry Western states, many streams and rivers have been over appropriated, so no one else can take water from these sources,” says Joe Knox, Stewart Water Information president. “In most circumstances, anyone who wants to build on the land must buy water rights from an existing owner or another party.”

“Ownership of Water Rights” reports from Stewart outline important facts about who owns water rights. Stewart Title Guaranty Co. underwrites water rights title insurance policies, offering the similar assurance of ownership that the company has provided for property owners for more than 100 years.

“Historically, attorneys and engineers have prepared water right abstracts for individuals and businesses seeking information on water rights,” Knox says. “Stewart Water Information is the first company of its kind to offer water rights information on a statewide basis.”

Stewart Water has been offering water rights title insurance to Utah property owners since January.

Stewart Water Information provides water rights information on title, sales, applications, tabulations, well permits, court decrees, diversion records and monthly resumes. Water searches may be done to retrieve data based on location details. Individualized special services include title searches, well testing and applications.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.