Idaho Owner’s Policy – Silver, Gold, Platinum Coverage

To make shopping for an Owner’s Title Insurance Policy easier, our plans are divided into three tiers: Silver, Gold and Platinum. With each tier comes greater peace of mind.

Here’s a quick overview of the three owner’s policy tiers…

Silver – Standard Coverage Owner’s Policy

-Extends protection based on a search of recorded documents and real estate tax records only. -The policy, subject to its exclusions, conditions, stipulations and exceptions, insures that:

  • The title is vested as shown
  • There are no defects in or liens or encumbrances on the title
  • The title is marketable and that there is a right of access to and from the land

Gold – Standard Coverage Owner’s Policy + Homeowner’s Expanded Coverage Endorsement (HECE)

A Homeowner’s Expanded Coverage Endorsement to a Standard Owner’s Title Policy (Silver) will extend protection for:

-Any unrecorded labor or material liens

-Forced removal of the residence due to:

  • Zoning violations
  • Encroachments on an easement or other land

Platinum – Expanded Coverage Owner’s Policy

-Includes the protection afforded in the Standard Owner’s Policy (Silver) and

-It extends protection to the insured for: w Rights or claims of parties in possession not shown by the public records

  • Encroachments, overlaps and boundary line disputes
  • Easements, or claim of easements, not shown of public records
  • Any lien, or right to lien, for services, labor, or materials imposed by law and not shown of public record

-Provides for coverage for forced removal due to:*

  • Zoning violations
  • Encroachments
  • Lack of access

-Provides for post-closing coverage for some title defects resulting from:*

  • Forgeries
  • Easements w Mineral extractions
  • Discriminatory covenants or encroachments

-Provides coverage for appreciated home value of the home:*

  • Up to 10% per year, 5 years max
  • Extends to heirs & beneficiaries

For more detailed pricing information, contact your local Alliance office and check out our coverage comparison chart here: https://www.alliancetitle.com/buyer-seller-services/comparison-of-coverage