Pioneer Title Agency, Inc.

TITLE POLICIES

Standard Owners Policy:

This policy insures the owner's marketable interest in the property, subject to the exclusions under Schedule "B" of the policy. The policy protects against:

someone else owning an interest in your title
a document was not properly signed or recorded
forgery, fraud and duress
right of access to insured property
a lien on the title, which was not set forth in Schedule "B"
the title to the property is unmarketable

Residential Plain Language Policy:

This policy provides the same coverage as the Standard Owners Policy, subject to the exclusions under Schedule "B" of the policy, including:

mechanic's lien protection
forced removal of a structure because it extends onto other land or easements, or violates a restriction in Schedule "B" or an existing zoning law
unrecorded homeowners association lien
unrecorded easements
rights of third parties under an unrecorded lease

Homeowners Policy:

This policy provides the same coverage as the Standard Owners Policy and Residential Plain Language Policy, subject to the exclusions under Schedule "B" of the policy, including the following coverage:

subdivision map act coverage
restrictive covenant violations
post policy forgery
post policy encroachment
post policy structural damage from mineral extraction
post policy living trust coverage
enhanced access vehicular and pedestrian
map not consistent with legal description
building permit violations
post policy automatically increases in value up to 150%

Combination Extended Loan Policy:

This policy is issued to a lender who is providing a loan to the purchaser, and is issued in combination with the Owners Policies. The policy provides the lender with the same general coverage as the Plain Language Policy, subject to the exclusions under Schedule "B" of the policy, including the following coverage:

converts to an owners policy in the event of a foreclosure
insures the lender against any defect in their lien
the invalidity or unenforceability of the lien of the insured mortgage
priority of any lien or encumbrance over the lien of the insured mortgage
priority of any mechanics lien over the lien of the insured mortgage
invalidity or unenforceability of any assignment of the insured mortgage

In addition to the above policies, the following are a few other policies issued:

Extended Owners Policy
Leasehold Policy
Standard Loan Policy
Litigation Guaranty
Trustee Sale Guaranty