Chicago Title is pleased to offer our clients the Homeowner's Policy of Title Insurance. This superior policy gives you the most thorough and comprehensive coverage available in the industry. Some of the key benefits of the Homeowner's Policy include:
Pre and Post Policy Protections - protects homeowners against claims arising both before and after the policy date
Expanded Access Coverage - unlike traditional title policies, the Homeowner's Policy specifically insures both pedestrian and vehicular access, based on a legal right.
Legal Violations Coverage - protects homeowners if their home was built without proper building permits, if they can't get a building permit or sell their home because of improper subdivision of the property, or if they have to remove or fix a structure due to zoning laws (subject to the policy deductible and maximum limits of liability).
Encroachment Protection - covers homeowners if forced to remove an existing structure because it encroaches on a neighbor's land (coverage for encroachments of boundary walls or fences is subject to policy deductible and maximum limits of liability).
Continuous Coverage - The Homeowner's Policy covers homeowners forever, even if they no longer have the title, and allows homeowners to convey title of their home into a trust after the policy date, at no extra cost.
Value-Added Protection - unlike traditional title policies, the Homeowner's Policy amount automatically increases by ten percent per year for five years over the original policy amount, at no extra cost.