Title Insurance Coverage: Standard vs Extended

The concept of title insurance emerges as a critical shield against potential pitfalls and legal challenges that may lurk beneath the surface. As you start the process of securing your property rights, one crucial decision looms large: the choice between standard and extended title insurance coverage. Each option holds the power to shape the extent of your protection, determining the breadth of potential title defects covered. The type of title coverage you buy determines the types of title defects for which you will be covered. Are you protected with the right amount of coverage? Know the difference between standard and extended title insurance coverage.

PROTECTION AGAINST HIDDEN RISK FACTORS:	STANDARD	EXTENDED
Fraud, Forgery	X	X
Undisclosed Heirs	X	X
Mistaken Legal Representation	X	X
Defective Deeds	X	X
Confusion of Similar, Identical Names	X	X
Incomplete, Incorrect Delivery	X	X
Unwanted Litigation	X	X
Status (Marital, Corporate, Financial)	X	X
Powers of Agents	X	X
Errors in Public Records	X	X
Defects in Legal Proceedings	X	X
Competency (Minority, Incapacity)	X	X

Subject to EXCLUSIONS and EXCEPTIONS, Title Insurance Protects Against Loss by Reason of:

PROTECTION AGAINST LOSS BY:	STANDARD	EXTENDED
Title Vested Other Than Stated	X	X
Previous Undisclosed Defect, Lien, Encumbrance	X	X
Unmarketable Title	X	X
Priority of Insured Financing Document (Mortgage, Trust Deed)	X	X
Lack of Access	X	X
Construction Liens		X

The Following EXCLUSIONS MAY AFFECT your TITLE INSURANCE PROTECTION:

EXCLUSIONS FROM COVERAGE:	STANDARD	EXTENDED
Any Laws, Ordinances, or Governmental Regulations Restricting Use	X	X
Rights of Eminent Domain	X	X
Unmarketable Title	X	X
Defects, Linens or Encumbrances Created by Insured, or That the Insured Was Unaware of	X	X
Usury or Truth-In-Lending Laws	X	X
Rights of Title to Property Beyond the Lands Expressly Described		X

The Following EXCLUSIONS MAY AFFECT your TITLE INSURANCE PROTECTION. Our EXTENDED TITLE INSURANCE COVERAGE Satisfies Most of These Concerns:

PROTECTION AGAINST LOSS BY:	STANDARD	EXTENDED
Taxes, or Assessments Which Are Not Shown as Existing Liens, or a Notice of Future Proceedings Which May Result in Future Tax or Assessment Liens		X
Facts, Rights, Interests or Claims not Shown by Public Records Which Could be Ascertained by an Inspection by Making an Inquiry or Person in Possession		X
Easements, Claims of Easement or Encumbrances, Not Shown in Public Records, Unpatented Mining Claims, Reservations or Exceptions in Patents, Water Rights, or Claims, or Title to Water		X
Defects, Liens, or a Right to Lien, Imposed by Law, and Not Shown in the Public Record		X
A Lien, or a Right to Lien, Imposed by Law, and Not Shown in the Public Record		X
Discrepancies, Conflicts in Boundary Lines, Shortage in Area, Encroachments, or Any Other Facts Which A Correct Survey Would Disclose		X

The choice between standard and extended title insurance coverage emerges as a pivotal decision that can profoundly impact the security of your property investment. In this journey of understanding, we aim to shed light on the distinctions between these two options, ensuring that you are not only well-informed but also equipped with the right level of coverage. We are here to help you build a robust shield against unforeseen title defects.

Our team is based out of Las Vegas with an extensive national presence that allows us to close your transactions on a national scale, simplifying your processes. Our nationwide platform means you are taken care of no matter what state you choose to do business in. Whether your deal is complex or straightforward; large or small; local or national, you have a partner with the Seibold Group.

Have questions about your title insurance coverage? Shoot us an email, michele@seiboldgroup.com to see how we can help.