Homeowner’s Policy
The 2003 ALTA Homeowner’s Policy includes the same insuring provisions as the 2006 ALTA Owner’s Standard Coverage Policy together with automatic expanded or additional coverage for certain off record or post-policy matters. Coverage’s include:
•  Building permit violations
•  Subdivision map act coverage
•  Violations of restrictive covenants
•  Post-policy forgery; post-policy encroachment
•  Structure damage from mineral extraction
•  Map inconsistencies
•  Increasing policy coverage
•  Continuation of insurance to the trustee of a trust who receives a deed from the homeowner

* Some of these expanded coverage’s contain limitations and provisions for deductibles.

Owner’s Standard Policy
The 2006 ALTA Standard Owner's Policy fully protects the buyer should a covered title problem arise with the title that was not found during the title search. Possible hidden title problems can include:
•  Errors or omissions in deeds
•  Mistakes in examining records
•  Forgery
•  Undisclosed heirs

Lender’s Standard Policy
The 2006 ALTA Standard Lender’s Policy insures a lender making a loan secured by a mortgage on land with respect to recorded matters affecting the title of the subject property and to the validity and priority of the mortgage lien.

Lender’s Extended Policy
The 2006 ALTA Extended Lender’s Policy insures a lender making a loan secured by a mortgage on land with respect to recorded matters affecting the title of the subject property, and with respect to the validity and priority of the mortgage lien together with additional coverage for matters that would be disclosed by an accurate survey of the land. Such matters include:
•  Claims of parties in possession not disclosed in the public records
•  Easements or claims to easements not disclosed by the public records
•  Survey and boundary questions
•  Unrecorded liens for labor, material, services or equipment

* For extended coverage, a survey may be required. Please review this with your lender.