COVERAGE ITEMS |
ENHANCED ALTA OWNERS |
STANDARD ALTA OWNERS |
Missing Interests |
YES |
YES |
Outstanding Liens |
YES |
YES |
Title Defects |
YES |
YES |
Unmarketability of Title |
YES |
YES |
Post Policy Forgery Protection |
YES |
NO |
Enhanced Access Coverage |
YES |
NO |
Building Permit Violations |
YES |
NO |
Subdivision Control Law Violations* |
YES |
NO |
Enhanced Encroachment Coverage* |
YES |
NO |
Restrictive Covenant Violation |
YES |
NO |
Zoning Law Violations* |
YES |
NO |
Coverage Extended to Living Trusts |
YES |
NO |
Automatic Inflation Protection* |
YES 10% per year |
NO |
The Enhanced Policy is available for 1-4 family residential dwellings, including condominiums, where the insured is a Natural Person; therefore not available for vacant land and commercial properties |
*Based on The Chicago Title Insurance Castle Policy.
ISSUES |
ENHANCED ALTA LENDER |
STANDARD ALTA LENDER |
Forged Documents Post Policy |
YES |
NO |
Post Policy Encorachments |
YES |
NO |
Violation of Restrictive Covenants |
YES |
NO |
Enforcement of Restrictions |
YES |
NO |
Unmarketability due to past owners
violation of restriction |
YES |
NO |
Pedestrian or Vehicular Access |
YES |
NO, however, legal access to a street or way is insured |
Building Permit Violation |
YES
applies to post policy construction |
NO |
Violation of Subdivision Control Law |
YES |
NO |
Post Policy Mechanics Liens Coverage |
YES |
NO |
Usury |
YES |
NO |
Failure of land to have street address as shown on Policy |
YES |
NO |
Not zoned for 1-4 family Residential Use violations |
YES |
NO |
Failure of the land to contain a 1-4 Family residential structure or condo unit |
YES |
NO |
Comprehensive Endorsement |
YES |
NO |
Violations that would have been disclosed by an accurate survey |
YES |
NO |
Negative Amortization (ALTA 6.2) and Variable Rate (ALTA 6.0) endorsements “Built In” |
YES |
NO |
Revolving Line of Credit Endorsement “Built In” |
YES |
NO |
Environmental Lien Endorsement “Built In” (equivalent to ALTA 8.1) |
YES |
NO |
Total amount of Insurance Coverage |
125% |
100% |
Real Estate and Municipal Assessments |
YES |
NO |
The Enhanced Lender’s Policy is available for 1-4 Family dwellings, including a residential condominium unit, where the owner is a Natural Person and the insured is a Lending Institution; therefore not available for vacant land, commercial properties, corporate owners, or second mortgagees. This policy is to be used for first mortgages only. |
*Based on The Chicago Title Insurance Castle Policy.
