2 minute read
Eagle Policy® for Owners
from Buyer Book
by FirstAmAZ
The Benefits of First American Title Insurance Company's Eagle Policy® for Owners the Standard ALTA Owner's Policy
First American Title’s Eagle Policy® for Owners provides expanded title coverage for natural persons who purchase one‐to‐four family residences, including condominiums. Coverages included in the Eagle Policy® for Owners offer the highest levels of protection available to homeowners.
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Eagle Policy® for Owners benefits you won’t get with a Standard ALTA Owner’s Policy:
Post-policy Forgery
Post-policy Encroachments
Post-policy Adverse Possession
- Coverage extended to homeowner when someone claims to have the insureds title arising out of someone else’s continued use and occupancy
Post-Policy Easement by Prescription
- Coverage if another claims right to use a part of the insureds land as an easement because of continuous use over time
Building Permit and Zoning Violation
- Coverage for losses up to $25,000, after a small deductible, for building permit violations and forced remediation of zoning violations, and up to the full policy amount for forced removal of structures due to zoning violations
Expanded Access
- Expanded to include both vehicular and pedestrian access to and from land, based upon legal right
Encroachment of Improvements onto Easements and Set-backs
Subdivision Violation
- Homeowners are covered up to $10,000, after a small deductible, for protection against subdivision violations prior to purchase
Restrictive Covenant Violations
- Coverage provided for violations of restrictive covenants, occurring before homeowner acquired land if the homeowner is forced to correct or remove the violation or if the homeowner’s title is lost or taken because of the violation
Structural Damage for Mineral Abstraction or Easement Use
Encroachment of Boundary Walls and Fences
- Protection of up to $5,000, after a small deductible, for encroachments onto a neighbor’s land, onto an easement, or over a building set-back line
Compare First American’s Eagle Policy® for Owners
Protection from:
1 Someone else owns an interest in your title
2 A document is not properly signed
3 Forgery, fraud, duress in the chain of title
4 Defective recording of any document
5 There are restrictive covenants
6 There is a lien on your title because there is: a) a deed of trust b) a judgement, tax, or special assessment c) a charge by a homeowner’s association
7 Title is unmarketable
8 Mechanics lien
9 Forced removal of a structure because it: a) extends on another property and/or easement b) violates a restriction in Schedule B c) violates an existing zoning law*
10 Cannot use the land for a Single-Family Residence because the use violates a restriction in Schedule B or a zoning ordinance
11 Unrecorded lien by a homeowners association
12 Unrecorded easements
13 Building permit violations*
14 Restrictive covenant violations
15 Post-policy forgery
Compare First American’s Eagle Policy® for Owners
21 Post-policy prescriptive easement
22 Covenant violation resulting in your title reverting to a previous owner
23 Violation of building setback regulations
24 Discriminatory covenants
Other benefits:
25 Pays rent for substitute land or facilities
26 Rights under unrecorded leases
27 Plain language statements of policy coverage and restrictions
28 Compliance with Subdivision Map Act
29 Coverage for boundary wall or fence encroachment*
30 Added ownership coverage leads to enhanced marketability
31 Insurance coverage for a lifetime
32 Post-policy inflation coverage with automatic increase in value up to 150% over five years
33 Post-policy Living Trust coverage
* Deductible and maximum limits apply. Not available to investors on 1- to 4-unit residential properties. Coverage may vary based on an individual policy.
As with any insurance contract, the insuring provisions express the coverage afforded by the title insurance policy and there are exceptions, exclusions and conditions to coverage that limit or narrow the coverage afforded by the policy. Also, some coverage may not be available in a particular area or transaction due to legal, regulatory, or underwriting considerations. Please contact a First American representative for further information. The services described above are typical basic services. The services provided to you may be different due to the specifics of your transaction or the location of the real property involved.
