What is title insurance extended coverage policy?


A title insurance extended coverage policy used to cost hundreds of dollars. Currently, extended coverage owner's title insurance policy can be obtained by adding some 1- to 15% to the standard owner's title insurance coverage.

Why is it necessary to get owner's title insurance policy with extended coverage?

The extended title insurance coverage insures the owner against post-policy claims and risks. The standard title insurance coverage only protects the owner of claims and title issues that did not show up in the title search when the policy was bought.

An owner's title insurance extended coverage policy will protect you from forgery, easement on the land, or defective title, etc. Post-policy adverse ownership, and encroachment issues are also covered with the property title insurance extended coverage policy.

Other risks have also been included in an extended coverage owner's title insurance policy, such as building permit, zoning violation, expanded access, subdivision violation, etc.

Mortgage rates hit their lowest since 1955. Ask the home loan experts we recommend Quicken Loans how to take advantage of them.
Was this Mortgage QnA helpful?
Not at all
  • Currently 2.9/5 Stars
  • 1
  • 2
  • 3
  • 4
  • 5
Add to this Answer

Mortgage QnA is not a common forum. We have special rules:

  • Post no questions here. To ask a question, click the Ask a Question link
  • We will not publish answers that include any form of advertising
  • Add your answer only if it will contrubute to the quality of this Mortgage QnA and help future readers
If you have trouble reading the code, click on the code itself to generate a new random code. Verification Code Above:
Bookmark and share this QnA: