American Land Title Association (ALTA) policy, gives more coverage
September 23, 2010
ALTA’s expanded coverage policies cost about 10 percent more, but offer significantly more benefits. For example, the policies will pay up to 125 percent of the original insurance amount in case of claims to help account for inflation. Other expanded coverages include:
- encroachments on the land made by neighbors after the date of the policy,
- inability to access the property by vehicle or a pedestrian, and
- zoning violations made by previous owners that must be corrected by the insured owner.
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