Products & Services Comparison

FULL COVERAGE ALTA LOAN POLICY

  • Insures mortgage is valid
  • Insures mortgage is enforceable
  • Insures priority position of mortgage
  • Provides disbursement coverage
  • Insures legal access
  • Insures against loss if land is affected by easements, building liens, covenants & restrictions or liens not shown on policy
  • Covers cost of defense as defined in policy
  • Provides mechanic lien coverage
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VS




JUNIOR ALTA LOAN POLICY

  • Insures grantee in last purported deed of record is same as grantee shown in policy
  • Insures legal description used in policy is same legal shown in last purported deed
  • Insures against any recorded monetary lien not shown in policy
  • Insures that the status of real estate taxes is as shown in policy
  • Covers cost of defense as defined in policy

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PROPERTY / TRACT SEARCH

  • Is not an insured product
  • Liability limited to $10,000 actual damages
  • Provides the following information from public records:
    • Grantee in last deed of record
    • Legal in last deed of record
    • Status of current real estate taxes
    • Recorded monetary liens
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VS




JUNIOR ALTA LOAN POLICY

  • Is an insured product
  • Insures loan amount shown on policy
  • Insures as shown on policy:
    • ​Grantee in last deed of record
    • Legal in last deed of record
    • Status of real estate taxes
  • Insures recorded monetary liens not shown on policy
  • Covers cost of defense as defined in policy
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