| The policy covers the following title
risks: |
ALTA-R |
CLTA Owners Form A |
| 1. Someone else owns an interest in your title. |
Yes |
Yes |
| 2. A document is not properly signed, sealed, acknowledged
or delivered. |
Yes |
Yes |
| 3. Forgery, fraud, duress, incompetency, incapacity
or impersonation. |
Yes |
Yes |
| 4. Defective recording of any document. |
Yes |
Yes |
| 5. You do not have legal right of access to and from
the land. |
Yes |
Yes |
| 6. There are restrictive covenants limiting your use
of the land. |
Yes |
Yes |
| 7. There is a lien on your title because
of a: |
- mortgage or deed of trust.
|
Yes |
Yes |
- a judgement, tax or special assessment.
|
Yes |
Yes |
- a charge by a homeowners or condominium association.
|
Yes |
No |
| 8. There are liens on your title, arising now or later,
for labor and material furnished before the policy date,
unless you agreed to pay for the labor or material. |
Yes |
No |
| 9. Others have rights arising out of leases, contracts
or options. |
Yes |
No |
| 10. Someone else has an easement on your land. |
Yes |
No |
| 11. Your title is unmarketable, which allows another
person to refuse to perform a contract to purchase, to
lease or to make a mortgage loan. |
Yes |
No |
| 12. You are forced to remove your existing
structure, other than a boundary wall or fence, because: |
- it extends on to adjoining land or on to any easement.
|
Yes |
No |
- it violates a restriction shown in Schedule B.
|
Yes |
No |
- it violates an existing zoning law.
|
Yes |
No |
| 13. You cannot use the land for a single-family residence,
because such use violates a restriction shown in Schedule
B or existing zoning law. |
Yes |
No |
| 14. Other defects, liens or encumbrances. |
Yes |
Yes |
| 15. Inflation Protection. |
Yes |
Yes |
NOTE: This table is intended to highlight
only some of the important features of coverage
and is not to be construed as expanding or
limiting the coverage set forth in any
particular policy or endorsement.
