What is Title Insurance

What is an Owners Title Insurance Policy (Optional)

Mortgage Lenders require title insurance policies to protect their interest in the property against title defects and other risks but this does not cover the homeowner.

Each homeowner needs to purchase a separate Owner’s Title Insurance policy to protect themselves and their home ownership against the same risks as the lender. Without this policy, you are exposed to potential risks that could cause you to potentially lose the ownership of your property or at the very least, defend your ownership.

Title related defects can be very costly to protect and defend. Both Owner Title Insurance options protect and pay for the Legal defense of your rights to the ownership of your property.

 Please review the coverages below and select the right policy for you.

COVERAGE STANDARD ENHANCED
Someone else owns an interest in your title X X
A document is not properly signed X X
Forgery, fraud, duress in the chain of title X X
Defective recording of any document X X
There are restrictive covenants X X
There is a lien on your title because there is:   X
a) a deed of trust X X
b) a judgment, tax, or special assessment X X
c) a charge by a homeowners' association X X
Title is unmarketable X X
Mechanics lien   X
Forced removal of a structure because it:   X
a) extends on another property and/or easement   X
b) violates a restriction in Schedule B   X
c) violates an existing zoning law*   X
Cannot use the land for a Single-Family Residence because the use violates a restriction in Schedule B or a zoning ordinance   X
Unrecorded lien by a homeowners' association   X
Unrecorded easements   X
Building permit violations*   X
Restrictive covenant violations   X
Post-policy forgery   X
Post-policy encroachment   X
Post-policy damage from extraction of minerals or water   X
Lack of vehicular and pedestrian access   X
Map not consistent with legal description   X
Post-policy adverse possession   X
Post-policy prescriptive easement   X
Covenant violation resulting in your title reverting to a previous owner   X
Violation of building setback regulations   X
Discriminatory covenants   X
OTHER BENEFITS:    
Pays rent for substitute land or facilities   X
Rights under unrecorded leases   X
Plain language statements of policy coverage and restrictions   X
Subdivision law violation   X
Coverage for boundary wall or fence encroachment*   X
Added ownership coverage leads to enhanced marketability   X
Insurance coverage for a lifetime   X
Post-policy inflation coverage with automatic increase in value up to 150% over five years   X
Post-policy Living Trust coverage   X

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