Title Insurance
What is Title Insurance?
Title insurance is a protection, available to purchasers and lenders of real estate, which places the title insurance company in the position of defending, at its cost and its risk, up to the policy amount, any special claims against the property not excepted by the policy.
The title insurance policy protects the insured against loss should the condition of title be other than as insured. Unlike other types of insurance that offer protection against future possible occurrences, title insurance offers protection against past occurrences which could result in a claim at a future date. Coverage continues in effect for as long as you have an interest in the covered property. Title insurance provides the insured with “peace of mind” in knowing that you are receiving good and marketable title to the real estate you are purchasing.
Compare Policies
| Coverage | Enhanced | Standard |
| A third party claims interest in title | ||
| Improperly executed document | ||
| Pre-policy forgery, fraud or duress | ||
| Defective recording of documents | ||
| Undisclosed restrictive covenants | ||
Lien placed your title because:
|
||
| Unmarketable title | ||
| Mechanics’ liens | ||
Forced removal of structure because:
|
||
| Land cannot be used for a Single Family Dwelling (SFD) because use violates a restriction in Schedule B or a zoning ordinance. | ||
| Unrecorded easements | ||
| Pays rent for substitute land or facilities | ||
| Rights under unrecorded leases | ||
| Plain language - communication your audience can understand the first time they read or hear it. | ||
| Building permit violations* | ||
| Compliance with Subdivision Map Act, if any* | ||
| Restrictive covenant violations | ||
| Discriminatory covenants | ||
| Covenant violation resulting in reversion | ||
| Violations of building setbacks | ||
| Enhanced marketability | ||
| Access – Enhanced vehicular and pedestrian access | ||
| Map, if any, not consistent with legal description | ||
| Post-policy forgery | ||
| Post-policy encroachment | ||
| Post-policy damage from minerals or water extraction | ||
| Post-policy living Trust Coverage for Trustee | ||
| Post-policy living Trust Coverage for Beneficiary | ||
| Post-policy automatic increase in value up to 150% | ||
| Post-policy adverse possession | ||
| Post-policy cloud on title | ||
| Post-policy prescriptive easement | ||
| Boundary walls and fence encroachment* | ||
| Insurance coverage forever |