Lesa Connell

Most of us wonder... What is Title Insurance? What does it cover? Why does my client have to have it? Here is some information on a few policy's for the State of Arizona and what they cover.... (This info is general and can vary between companies.)

STANDARD POLICY COVERAGE

· Someone else owns a recorded interest in your title

· A document is not properly signed, sealed, acknowledged or delivered

· Forgery, Fraud, duress, incompetency, incapacity or impersonation

· Defective recording of any document

· Unmarketability of title

· Lack of right of access to and from the land

ALTA RESIDENTIAL COVERAGE ABOVE ITEMS PLUS:

· Mechanic's lien protection for work or materials done prior to the policy date except where the insured has agreed to same

· Unrecorded liens by the HOA

· Others having rights arising out of leases, contracts, or options

· Someone else has an easement on the land

· Forced removal of the residential structure because it extends onto other land or on to any easement, or it violates a restriction shown in Schedule B, or an existing zoning law

· Plain understandable policy language

· Automatic inflation coverage increasing policy amount up to 150%

ALTA HOMEOWNERS COVERAGE ABOVE ITEMS PLUS:

· Living trust coverage

· Subdivision map act coverage

· Restrictive covenant violations by prior owners

· Enhanced access coverage

· Map inconsistency protection

· Post policy encroachment / post policy forgery

· Building permit/zoning violations by prior owners

If you have any questions about the title insurance in your area, contact your local Title Company for a list of coverages. Hope this helps to understand Title Insurance a little better! :)

Here I am, so excited about the new endeavors ahead! I have just this week joined a great company, Pioneer Title! The company is a privately owned and based right here in AZ. Since 1985, the philosophy is "Commitment to Service". Since I have connected in, I have seen nothing but excellence! I am the Director of Marketing in the Southwest Valley and look forward to building a strong presence in our area! Our Escrow Officers operate with a vast amount of knowledge, yet they are personable and client friendly! Integrity, Communication and Service, You will find that here! As I plug into resources that may be valuable, I will share on my blog... Hope your day is prosperous!!