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Chart | Compare Title Insurance Policies

Chart | Compare Title Insurance Policies

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Published by Nikki Smith
This chart shows how a Standard or Enhanced title insurance policy would protect your real estate investment.
This chart shows how a Standard or Enhanced title insurance policy would protect your real estate investment.

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Published by: Nikki Smith on Mar 29, 2012
Copyright:Attribution Non-commercial

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03/29/2012

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5335 Wisconsin Avenue, NW, Suite #700, Washington, DC 20015Phone: (202) 362-1500 Fax: (202) 362-5901 Website:www.federaltitle.com 
Limited vs. Enhanced: Compare policies
Why select enhanced title insurance over limited title insurance? 
 
 A homebuyer may choose between a limited title insurance policy and an enhanced title insurancepolicy, also known as an "Eagle" policy. To help you determine what policy best fits your needs,here's a comparison of 
title insurance coverage
for a residential
owner's title insurance policy
.
Coverage LimitedEnhanced
 A third party claims interest in title X Improperly executed document X Pre-policy forgery, fraud or duress X Defective recording of documents X Undisclosed restrictive covenants X  A lien on your title because:a. a security deedb. judgement, tax, special assessment orc. a charge by a home owner's associationX Unmarketable title X Mechanics' liens Forced removal of structure because:a. it encroaches onto another property or aneasementb. it violates an existing zoning law*c. of violations of a restriction in Schedule BLand cannot be used for a Single Family Dwelling (SFD) because use violates a restriction inSchedule B or a zoning ordinance.Unrecorded easements Pays rent for substitute land or facilities Rights under unrecorded leases Plain language Building permit violations*
 
 
5335 Wisconsin Avenue, NW, Suite #700, Washington, DC 20015Phone: (202) 362-1500 Fax: (202) 362-5901 Website:www.federaltitle.com 
Coverage Limited Enhanced
Compliance with Subdivision Map Act, if any*Restrictive covenant violations Discriminatory covenants Covenant violation resulting in reversion  Violations of building setbacks Enhanced marketability  Access - Enhanced vehicular and pedestrianaccessMap, if any, not consistent with legal description
Post-policy 
forgery X 
Post-policy 
encroachment X 
Post-policy 
damage from minerals or waterextraction
Post-policy 
living Trust Coverage for Trustee
Post-policy 
living Trust Coverage for Beneficiary
 
Post-policy 
automatic increase in value up to150%
Post-policy 
adverse possession
Post-policy 
cloud on title
Post-policy 
prescriptive easement Boundary walls and fence encroachment* Insurance coverage forever * Subject to a deductible and maximum indemnity liability, which may be less than the policy amount. Note: You may change your type of coverage any time prior to closing.hile in most cases a limited policy will suffice, the Eagle policy covers a host of "post-policy" issues that a limited policy does not, such as forgery, building permit violationsand living trust coverage. In addition, enhanced coverage protects you from pre-
 W 

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