Title Policy Comparison Chart 1. Someone else owns an interest in your tle. 2. Someone else has rights affec ng your tle because of leases, contracts or op ons. 3. Someone else claims to have rights affec ng your tle because of forgery or impersona on. 4. Someone else has an easement on the land. 5. Someone else has a right to limit your use of the land. 6. Your tle is defec ve. Some of these defects are: a. Someone else’s failure to have authorized a transfer or conveyance of your tle. b. Someone else’s failure to create a valid document by electronic means. c. A document upon which your tle is based is invalid because it was not properly signed, sealed, acknowledged, delivered or recorded. d. A document upon which your tle is bases was signed using a falsified, expired, or otherwise invalid power of a orney. e. A document upon which your tle is based was not properly filed, recorded, or indexed in the Public Records. f. A defec ve judicial or administra ve proceeding. 7. Any of the Covered Risks 1-6 above occurring a er the Policy Date. 8. Someone else has a lien on your tle, including a: a. Lien of real estate taxes or assessments imposed on your tle by a governmental authority that are due or payable, but unpaid. b. Mortgage. c. Judgment, State or Federal Tax Lien. d. Charge by a Homeowner’s or Condominium Associa on. e. Lien, occurring before or a er the Policy Date, for labor and material furnished before the Policy Date. 9. Someone else has an encumbrance on your tle 10. 11. You do not have actual vehicular and pedestrian access to and from the land, based upon a legal right. 12. You are forced to correct or remove an exis ng viola on of any covenant, condi on or restric on affec ng the land even if the covenant, condi on or restric on is excepted in Schedule B. However, you are not covered for any viola on that relates to: a. Any obliga on to perform maintenance or repair on the land. b. Environmental protec on of any kind, including hazardous or toxic condi ons or substances. unless there is a no ce recorded in the Public Records, describing any part of the land, claiming a viola on exists. Our liability for this Covered Risk is limited to the extent of the viola on stated in that no ce. 13. Your tle is lost or taken because of a viola on of any covenant, condi on or restric on, which occurred before you acquired your tle, even if the covenant, condi on or restric on is excepted in Schedule B. 14. The viola on or enforcement of those por ons of any law or government regula on regarding: a. Building b. Zoning c. Land use d. Improvements on the land e. Land division f. Environmental protec on. If there is a no ce recorded in the Public Records, describing any part of the land, claiming a viola on exists or declaring the inten on to enforce the law or regula on. Our liability for this Covered Risk is limited to the extent of the viola on or enforcement stated in that no ce. 15. An enforcement ac on based on the exercise of a governmental police power not covered by Covered Risk 14 if there is a no ce recorded in the Public Records describing any part of the land, of the enforcement ac on or inten on to bring an enforcement ac on. Our liability for this Covered Risk is limited to the extent of the enforcement ac on stated in that no ce. 16. Because of an exis ng viola on of a subdivision law or regula on affec ng the land. a. You are unable to obtain a building permit. b. You are required to correct or remove the viola on. c. Someone else has a legal right to, and does, refuse to perform a contract to purchase the land, lease it or make a mortgage loan on it. The amount of your insurance for this Covered Risk is subject to your deduc ble amount and our maximum dollar limit of liability shown in Schedule A.
17. You lose your tle to any part of the land because of the right to take the land by condemning it if: a. There is a no ce of the exercise of the right recorded in the Public Records and the no ce describes any part of the land. b. The taking happened before the policy date and is binding on you if you bought the land without knowing of the taking. 18. You are forced to remove or remedy your exis ng structures, or any part of them - other than boundary walls or fences - because any por on was built without obtaining a building permit from the property government office. The amount of your insurance for this Covered Risk is subject to your deduc ble amount and our maximum dollar limit of liability shown on Schedule A. 19. You are forced to remove or remedy your exis ng structures, or any part of them, because they violate an exis ng zoning law or zoning regula on. If you are required to remedy any por on of your exis ng structures, the amount of your insurance for this Covered Risk is subject to your deduc ble amount and our maximum dollar limit of liability shown in Schedule A. 20. You cannot use the land because use as a single-family residence violates an exis ng zoning law or zoning regula on. 21. You are forced to remove your exis ng structures because they encroach onto our neighbor’s land. If the encroaching structures are boundary walls or fences, the amount of your insurance for this Covered Risk is subject to your deduc ble amount and our maximum dollar limit of liability shown in Schedule A. 22. Someone else has a legal right to, and does, refuse to perform a contract to purchase the land, lease it or make a mortgage loan on it because your neighbor’s exis ng structures encroach onto the land. 23. You are forced to remove your exis ng structures which encroach onto an easement or over a building set-back line even if the easement or building set-back line is excepted in Schedule B. 24. Your exis ng structures are damaged because of the exercise of a right to maintain or use any easement affec ng the land, even if the easement is excepted in Schedule B. 25. Your exis ng improvements (or a replacement or modifica on made to them a er the policy date), including lawns, shrubbery or trees, are damaged because of the future exercise of a right to use the surface of the land for the extrac on or development of minerals, water or any other substance, even if those rights are excepted or reserved from the descrip on of the land or excepted in Schedule B. 26. Someone else tries to enforce a discriminatory covenant, condi on or restric on that they claim affects your tle which is based upon race, color, religion, sex, handicap, familial status, or na onal origin. 27. A taxing authority assesses supplemental real estate taxes not previously assessed against the land for any period before the policy date because of construc on or a change of ownership or use that occurred before the policy date. 28. Your neighbor builds any structures a er the policy date - other than boundary walls or fences - which encroach onto the land. 29. Your tle is unmarketable, which allows someone else to refuse to perform a contract to purchase the land, lease it or make a mortgage loan on it. 30. Someone else owns an interest in your tle because a court order invalidates a prior transfer of the tle under federal bankruptcy, state insolvency, or similar creditors’ rights laws. 31. The residence with the address shown in Schedule A is not located on the land at the policy date. 32. The map, if any, a ached to this policy does not show the correct loca on of the land according to the Public Records.
RESIDENTIAL OWNER’S POLICIES COVERAGE COMPARISON Disclaimer: The chart provides general informa on about the coverage provided by the ALTA Homeowner’s Policy (12-2-13) and the ALTA Owner’s Policy (6-17-06) without endorsements and with typical general excep ons in Schedule B.
ITEM 16: Deduc ble applies, the lesser of 1% of the liability under the policy, or $2,500. Maximum liability for this coverage is $10,000. ITEM 18: Deduc ble applies, the lesser of 1% of the liability under the policy, or $5,000. Maximum liability for this coverage is $25,000. ITEM 19: Deduc ble applies, the lesser of 1% of the liability under the policy, or $5,000. Maximum liability for this coverage is $25,000. ITEM 21: Deduc ble applies, the lesser of 1% of the liability under the policy, or $2,500. Maximum liability for this coverage is $5,000.
Title Department:
King/Snohomish (425) 608-6507
Pierce (253) 671-7620
Kitsap (360) 692-4556