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 ALTA
29-point
Homeowner's Policy
Title One was one of the first companies in Minnesota to offer
the ALTA Extended 29-point Homeowner's Title Insurance Policy.
We are backed by two of the largest and strongest U.S. underwriters
and our rates are generally at least 10% less than other title
companies.
Unlike a car, land is permanent and has the potential for many
different types of unforeseen title defects. Even though title
companies engage in a thorough title search to verify the Seller's
right to transfer ownership and even though they search to discover
liens, unpaid taxes, restrictions limiting the use of the property,
unsatisfied mortgages or judgements, etc., sometimes searches
are flawed and there are many title defects that even a thorough
search won't uncover.
Owner's Title Insurance insures your home for as long as you
or your heirs have an interest in it and protect you against many
title defects including, but not limited to the following:
- Abstracting errors
- Lack of legal access
- Errors in recording documents
- Claims of unrecorded rights
- Fraud in connection with the execution of documents
- Incorrect legal descriptions
- Wills not properly probated
- Confusion due to similar or identical names
- Conveyance by a minor
- Unsatisfied claims not shown on the record
Consider some of the benefits of an Owner's Title Insurance
policy purchased at Title One, Inc.:
- If your title is unmarketable, it will facilitate your next
closing on your property whether it be a sale or refinance.
- You pay only a one time fee for title insurance that is good
for as long as you or your heirs own the property.
- If you purchase an Owner's Policy simultaneously with a Loan
Policy there is a significant cost savings.
- We provide, at no additional cost, the new American Land
Title Association's "Home Owners Title Insurance Policy."
This policy offers additional coverages that other standard
policies do not.
- Our Underwriters are two of the largest and strongest in
the nation.
To view the 29-point ALTA policy in detail, please click here.
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