Trust Deeds | What is insured by policies?
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What is insured by policies?
Although it may appear that each title insurance policy listed above appear similar, that ALTA policy is recognized as being far superior to the CLTA policy. The reason is because ALTA provides a broader range of coverage compared to CLTA. However, despite their differences, each policy works to insure some the following (Note: The list below is only a small sample of the insurance provided by these two policies):
- The deed of trust that is insured is recognized as a valid an enforceable lien.
- No defects, encumbrances, or recorded liens appear on the title. All that appears is what is displayed within the policy.
- The right of access to and from the property.
- The title to the property is made marketable.
- Any assignment of the trust deed that is displayed in the policy is valid and enforceable.
Even though each policy works in the best interest of the investor, ALTA is still considered to be the best choice among the two, and is something you should keep in mind when selecting a policy.
Related posts:
- Trust Deeds | Policy Types
- Trust Deed | Title Insurance
- Trust Deed | Title Insurance Policy
- Coppercrest Funding & Trust Deed Investing
- Typical Borrowers II
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