Background Image
Table of Contents Table of Contents
Previous Page  10 / 56 Next Page
Information
Show Menu
Previous Page 10 / 56 Next Page
Page Background

POLICY PROTECTION AGAINST THE RISKS OF:

ALTA

HOMEOWNERS

STANDARD

OWNERS

EXTENDED

Record defects, liens, encumbrances, adverse claims or other matters not known

or disclosed to the new owner that attach before date of policy

4

4 4

Forgery or Fraud in connection with the execution of documents

4

4 4

Undue influence on Grantor or mental incompetence of Grantor

4

4 4

Undisclosed or missing heirs

4

4 4

Wills not properly probated, mistaken interpretation of Wills and Trusts

4

4 4

Conveyance by minor(s), Conveyances by Corporation or Partnership without

proper legal authority

4

4 4

Incorrect legal descriptions, non-delivery of deeds

4

4 4

Delivery of Deed after Death of Grantor

4

4 4

Clerical errors in recorded legal documents

4

4 4

Unmarketability of title as insured or lack of legal access

4

4 4

Unrecorded liens

4

4

Survey and Boundary questions

4

4

Claims of parties in possession not disclosed by the public records

4

4

Easements or claims to easements not disclosed by public records

4

4

An existing violation of a subdivision law or regulation affecting the Land:

• You’re unable to obtain a building permit

• You are forced to correct or remove the violation; or

• Someone else has a legal right to, and does refuse to perform a contract to

purchase the Land, lease it or make a Mortgage on it.

This covered risk is subject to;

• A customer deductible amount of either 1% of Policy Amount or $2,500.00.

(whichever is less)

• Title Company’s Maximum Liability is $10,000.00

4

10

© Ticor Title Company

TITLE POLICY COMPARISON CHART