Washington Buyer and Seller Guide for Title and Escrow

POLICY PROTECTION AGAINST THE RISKS OF: ALTA HOMEOWNERS STANDARD OWNERS EXTENDED You are forced to remove / remedy your existing structures (or any part of them excluding boundary walls and fences) because any portion was built without the appropriate building permit. This covered risk is subject to; • A customer deductible amount of either 1% of Policy Amount or $5,000.00. (whichever is less) • Title Company’s Maximum Liability is $25,000.00 4 Certain zoning issues that force you to remove or make modifications to your existing structure. This covered risk is subject to; • A customer deductible amount of either 1% of Policy Amount or $5,000.00. (whichever is less) • Title Company’s Maximum Liability is $25,000.00 4 You are forced to remove your existing structure (s) because it (they) encroaches onto your neighbor’s land. This covered risk is subject to; • A customer deductible amount of either 1% of Policy Amount or $2,500.00. (whichever is less) • Title Company’s Maximum Liability is $25,000.00 4 POST CLOSING COVERAGE: Another party owns an interest in your title 4 Another party has rights affecting your title resulting from leases, contracts or options 4 Another party claims to have rights affecting your title by forgery or impersonation 4 Another party has an easement on the property 4 Your title is defective 4 Another party has the right to limit the use of your land 4 Your neighbor builds any structures, after the policy date, other than boundary walls or fences, which encroach onto the land 4 11 TITLE POLICY COMPARISON CHART