Property Ownership, Transfer of Title and Land Use 10.1.3

Question 1

Standard Policy insures against the following:

Answer 1

Defects found in public records

Forged documents

Incompetent grantors

Incorrect marital statements

Improperly delivered deeds

Question 2

Extended Policy insures against the following:

Answer 2

The standard coverage policy

Property inspection, including unrecorded rights of

persons in possession

Examination of survey

Unrecorded liens not known of by the policyholder

Question 3

Typical exclusions:

Answer 3

Defects and liens listed in the policy

Defects known to the buyer

Changes in land use brought about by changes in zoning ordinances