The ALTA Homeowner's Policy insures against actual loss, including any costs, attorneys' fees and expenses provided under this policy, resulting from the covered risks set forth in the policy, subject to exclusions and conditions as set forth in the policy.

The ALTA Homeowner's Policy includes 29 covered risks as set forth below:

1. Someone else owns an interest in your title.

2. Someone else has rights affecting your title arising out of leases, contracts, or options.

3. Someone else claims to have rights affecting your title arising out of forgery or impersonation.

4. Someone else has an easement on the land.

5. Someone else has a right to limit your use of the land.

6. Your title is defective.

7. Any of Covered Rises 1 through 6 occurring AFTER THE POLICY DATE.

8. Someone else has a lien on your title, including a:

a. Mortgage

b. judgment, state or federal tax lien, or special assessment;

c. charge by a homeowner's or condominium association; or

d. lien occurring before or after the Policy Date, for labor and material furnished before the Policy Date (mechanic lien coverage).

9. Someone else has an encumbrance on your title.

10. Someone else claims to have rights affecting your title arising out of fraud, duress, incompetency or incapacity.

11. You do not have both actual vehicular and pedestrian access to and from the land, based upon a legal right.

12. You are forced to correct or remove an existing violation of any covenant, condition or restriction affecting the land, EVEN IF THE COVENANT, CONDITION OR RESTRICTION IS EXCEPTED IN SCHEDULE

13. Your title is lost or taken because of a violation of any covenant, condition or restriction, which occurred before you acquired your title, EVEN IF THE COVENANT, CONDITION OR RESTRICTION IS EXCEPTED IN SCHEDULE B.

14. Because of an EXISTING VIOLATION OF A SUBDIVISION LAW OR REGULATION affecting the land:

a. YOU ARE UNABLE TO OBTAIN A BUILDING PERMIT;

b. YOU ARE FORCED TO CORRECT OR REMOVE THE VIOLATION; OR

c. Someone else has a legal right to, and does, refuse to perform a contract to purchase the land, lease it or make a mortgage loan on it.

The amount of your insurance for the Covered Risk is subject to a 1% DEDUCTIBLE UP TO $2,500.00 and $10,000.00 MAXIMUM DOLLAR LIMIT of liability shown in Schedule A.

15. You are forced to remove or remedy your existing structures, or any part of them - other than boundary walls or fences - BECAUSE ANY PORTION WAS BUILT WITHOUT OBTAINING A BUILDING PERMIT from the proper government office. The amount of your insurance for the Covered Risk is subject to a 1% DEDUCTIBLE UP TO $5,000.00 and A $25,000.00 MAXIMUM DOLLAR LIMIT of liability shown in Schedule A.

16. You are forced to remove or remedy your existing structures, or any part of them, BECAUSE THEY VIOLATE AN EXISTING ZONING LAW OR ZONING REGULATION. If you are required to remedy a portion of your existing structures, the amount of your insurance of the Covered Risk is subject to a 1% DEDUCTIBLE UP TO %5,000.00 and A $25,000.00 MAXIMUM DOLLAR LIMIT of liability shown in Schedule A.

17. You cannot use the land because use as a single-family residence violates an existing zoning law or zoning regulation.

18. You are forced to remove your existing structures because they encroach onto your neighbor's land. IF THE ENCROACHING STRUCTURES ARE BOUNDARY WALLS OR FENCES, the amount of your insurance for the Covered Risk is subject to a 1% DEDUCTIBLE UP TO $2,500.00 and A $10,000.00 MAXIMUM DOLLAR LIMIT of liability shown in Schedule A.

19. Someone else has a legal right to, and does, refuse to perform a contract to purchase the land, lease it or make a mortgage loan on it because your neighbor's existing structures encroach on the land.

20. You are forced to remove your existing structures, which encroach onto an easement, or over a building setback line, EVEN IF THE EASEMENT OR BUILDING SET BACK LINE IS EXCEPTED IN SCHEDULE B.

21. Your existing structures are damaged because of the exercise of a right to maintain or use any easement affecting the land, EVEN IF THE EASEMENT IS EXCEPTED IN SCHEDULE B.

22. Your existing improvements (or a replacement or modification made to them after the policy date) including lawns, shrubbery or trees, are damaged because of the future exercise of a right to use the surface of the land for the extraction or development of minerals, water or any other substance, EVEN IF THOSE RIGHTS ARE EXCEPTED OR RESERVED FROM THE DESCRIPTION OF THE LAND OR EXCEPTED IN SCHEDULE B.

23. Someone else tries to enforce a discriminatory covenant, condition or restriction that they claim affects your title which is based upon race, color, religion, sex, handicap, familial status, or national origin.

24. A taxing authority assesses supplemental real estate taxes not previously assessed against the land for any period before the Policy Date because of construction or a change of ownership or use that occurred before the Policy Date.

25. You neighbor builds any structures after the Policy Date – other than boundary walls or fences - which encroach onto the land.

26. Your title is unmarketable, which allows someone else to refuse to perform a contract to purchase the Land, lease it or make a mortgage loan on it.

27. A document upon which your title is based in invalid because it was not property signed, sealed, acknowledged, delivered or recorded

28. The residence with the address shown in Schedule A. is not located on the Land at the Policy Date.

29. Covers loss from any MAP ATTACHED TO THE POLICY that does not show the correct location of the land according to the public records. (Since we do not attach "MAPS" in Minnesota, our underwriter may modify this risk.)