A Comparison of Owner’s Title Insurance Coverage |
Protection from financial loss due to: |
Standard Coverage |
Enhanced Coverage |
Ownership Title: another party claiming an ownership in your home |
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Public Record Errors: issues relating to an improperly signed document or a document recorded inaccurately at the county recorder’s office |
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Fraud & Forgery: another party having rights in your property arising from forgery or false impersonation |
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Undisclosed Heirs: an unknown heir claims an ownership interest in your home |
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Liens: a creditor of the previous owners attempting to enforce a lien |
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Access: discovering you do not have actual physical access to your home |
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Subdivision Law: loss from a violation of a subdivision law resulting in the inability to obtain a building permit* |
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Building Permit: if you are forced to remove or remedy your existing structures, other than boundary walls and fences, because they were constructed without obtaining a proper building permit* |
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Zoning: if you are required to remove or remedy your existing structures, other than boundary walls and fences, due to a violation of a zoning law* |
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Encroachment (your structures on neighbor’s property): your neighbor forces you to remove an existing structure(s), which encroaches onto neighbor’s land (boundary walls or fences are subject to a deductible)* |
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Encroachment (neighbor’s existing structures encroaching on your property): your property becomes unmarketable because someone refuses to perform a contract to purchase, lease it, or make a mortgage loan due to your neighbor’s structure encroaching on your land |
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Encroachment (neighbor creating encroachments after closing): if your neighbor builds any structures after the Policy Date, other than boundary walls and fences, which encroach on your land |
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Encroachment (your structures encroaching an easement): if you are forced to remove a structure which encroaches onto an easement or over a building set-back line |
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Encroachment (your structures encroaching an easement): if you are forced to remove a structure which encroaches onto an easement or over a building set-back line |
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Surface Extraction: loss from damage to existing improvements due the future right to use the surface of the land for the extraction or development of minerals or water |
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Covenants, Conditions, Restrictions: if you are forced to remove or correct a violation by a previous owner |
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Supplemental Taxes: supplemental or “roll back” taxes for a period before the policy date |
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Continuation of Coverage: provides ownership coverage to anyone who inherits the property; a spouse who receives title upon dissolution of marriage; the trustee to whom the insured transfers title and the beneficiaries of the trust |
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Automatic Increased Coverage: policy liability coverage increases 10% per year for 5 years to a maximum of 150% of the initial policy amount |
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