Page 11 - CTT English Buyer Seller Guide
P. 11

Protect Your Customer – and Yourself with
1. Someone else owns an interest in your title to the property
2. A document is not properly signed
3. Forgery, fraud, duress.
4. Defective recording of any document
5. Restrictive covenants
6. There is a lien on your title because there is:
a) a deed of trust
b) a judgment, tax or special assessment
c) a charge by the homeowner’s association
7. Title is unmarketable
8. Lack of right of access to and from the land
9. Mechanic’s lien protection
10. Forced removal of structure because it:
a) extends onto other land or onto an easement b) violates a restriction in Schedule B
c) violates an existing zoning law
11. Cannot use land for SFD due to zoning or restrictions
12. Unrecorded lien by the homeowner’s association
13. Unrecorded easements
14. Others have rights arising out of leases, contracts or options
15. Pays rent for substitute residence
16. Inflation protection
17. *Building permit violations – forced removal
18. *Subdivision Map Act violations
19. *Zoning violations – forced encroachment
20. *Boundary wall or fence encroachment
21. Restrictive covenant violations
22. Post-policy defect in title
23. Post-policy contract or lease rights
24. Post-policy forgery
25. Post-policy easement
26. Post-policy limitation on use of land
27. Post-policy damage from minerals or water extraction
28. Post-policy living trust coverage
29. Post-policy encroachment by neighbor other than wall or fence
30. Enhanced access – vehicular and pedestrian
31. Damage to structure from use of easement
32. Post-policy automatic increase in value up to 150%
33. Post-policy correction of existing violation of covenant
34. Post-policy limitation of use
35. Post-policy prescriptive easement
36. Street address is correct
37. Map not consistent with legal description
38. Coverage for spouse acquiring through divorce
39. Violations of building setbacks
40. Discriminatory covenants
41. Insurance coverage forever
The deductible amounts and maximum dollar limits shown on Schedule A are as follows:
Chicago Title automatically issues the highest coverage available
Coverage is for 1-4-family residences
This chart is intended for comparison purposes only and is not a full explanation of policy coverage. Policy coverages are subject to the terms, exclusions, exceptions and deductibles shown in the policy.
Policy Deductible
Covered Risk 16: Covered Risk 18: Covered Risk 19: Covered Risk 21:
1% of Policy Amount Shown in Schedule A or $2,500.00 (whichever is less) 1% of Policy Amount Shown in Schedule A or $5,000.00 (whichever is less) 1% of Policy Amount Shown in Schedule A or $5,000.00 (whichever is less) 1% of Policy Amount Shown in Schedule A or $2,500.00 (whichever is less)
*Subject to deductible and maximum liability, which is less than the policy amount.
Chicago Title © 2010, Rev. 4/2012
Policy Maximum Limit of Liability
$10,000.00 $25,000.00 $25,000.00
$5,000.00 RPRMP4M7B47
COMPLETE HOMEOWNER’S POLICY
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