An owner’s title insurance policy from Pioneer Title protects your property rights against common title problems that could impact your investment. It’s important to know your options before choosing your policy. Title insurance provides the simplest and best way for you to be comfortable with your ownership of the land and/or home you are purchasing. We offer three different owner’s policies: Standard, Extended, and ALTA Homeowners, sometimes known as the Eagle policy.
Standard Coverage
The most basic coverage option that we offer is Standard coverage, which is used by a majority of sale closings. While it provides a guarantee against loss for recorded matters, there are a few exclusions to be aware of with standard coverage. It does not protect against any unrecorded taxes or assessments, rights to claim property that are not public record, encroachments, and more.
Extended Policy
Our Extended policy stands somewhere in the middle of our Standard and ALTA Homeowners policies. It’s normally endorsed with additional coverage and protection regarding encroachments onto other land or easements, however, it does not protect zoning matters. Extended owner’s policies are primarily used on bare and/or commercial land & provide owners with the protection as above stated. Generally, a survey of land will be required to issue this policy without a general exception regarding the location of boundaries and improvements.
ALTA Homeowners Policy (aka Eagle/Frontier Policy)
Our ALTA Homeowners policy is the highest coverage plan and is available to “Natural Persons” for 1-4 Family residences. It protects against matters such as material and labor liens, encroachments, and more. Our Eagle policy guarantees to provide complete protection for all matters included in the standard and extended coverage owner’s policies and more.
