Policy Comparison Page

There are two title insurance policies in Minnesota.
Learn how to pick the best one.

At Title One we offer two owner's title insurance policies, the ALTA (American Land Title Association) 2006 Standard Policy and the ALTA 2010 Homeowner's policy with enhanced coverage. The Homeowner's policy of owners title insurance covers everything covered by the standard policy plus 32 additional points of coverage. We now issue the 2010 Homeowner's policy instead of the 2013 Homeowner's policy because the 2010 policy offers better coverage for consumers than the 2013 policy.

Although the Homeowner's policy does cost 10% more than the standard policy, its only a one time charge and well worth the investment.


Many online title fee calculators quote the less expensive Standard Policy and may cause some firm's pricing to appear artificially low. If the title fee calculator does not refer to the Homeowner's policy, it is likely quoting the Standard Policy.


Many title firms do not guarantee their quotes and charge extras for routine services. Title One guarantees our pricing if you place your order online with us.

 
Coverage Comparison Owner's
Policy 2006
Homeowner's
Policy 2010
Covered Risks    
    Someone else claims an interest in your title    
    Someone else claims to have rights affecting your title because of forgery or impersonation    
    Someone else has a lien on your title (such as a Mortgage, judgement, state or federal tax lien, condominium or homeowners' association lien)    
    Documents improperly executed    
    Documents improperly recorded    
    Unmarketability of your title    
    No legal access to and from the land    
    Someone else has right to limit your use of the land    
    Gap coverage extended from the date of closing to the date of the recording of the deed    
Duration    
    Coverage for as long as you own the property    
    Policy insures anyone who inherits the property from you    
    Policy insures the trustee of an Estate Planning trust to whom you transfer title    
    Policy insures the beneficiaries of a trust upon your death    
Extended Coverage    
    Parties in possession of the property not disclosed by the public record    
    Unrecorded easements affecting the property    
    Encroachments and boundary line disputes that would be disclosed by a survey    
    Mechanic's lien (a lien against the property due to non-payment of work)    
    Taxes or special assessments not shown as liens in the public records    
Additional Coverages    
    Vehicular and pedestrian access to and from the land based upon legal right    
    You are forced to correct or remove an existing violation of certain covenants, conditions or restrictions affecting the property    
    Loss of your title resulting from a violation of a covenant, condition or restriction that occured before you acquired the property    
    Up to $10,000 if because of an existing violation of a subdivision law or regulation you are unable to obtain a building permit or must correct or remove the violation (subject to a deductible)    
    Up to $25,000 if you are forced to remedy or remove existing structures because any portion was built without obtaining a proper building permit (subject to a deductible)    
    Up to $25,000 if you are forced to remedy or remove an existing structure because they violated an existing zoning law or zoning regulation (subject to a deductible)    
    Up to $5,000 if you are forced to remove your existing structures because they encroach onto your neighbor's land (subject to a deductible)    
    You cannot use the land as a single-family residence because such use violates an existing zoning law or zoning regulation    
    You are forced to remove your existing structures because they encroach onto an easement or over a building set-back line    
    Your existing structures are damaged because of the exercise of a right to maintain or use any easement affecting the property    
    Your existing improvements including lawns, shrubbery or trees are damaged because of the future exercise of a right to use the surface of the Land for the extraction or development of minerals, water or any other substance    
    Someone else tries to enforce a discriminatory covenant    
    A taxing authority assesses supplemental real estate taxes due to prior construction or change of ownership or use    
    Damages if the residence is not located at the address stated in the policy    
    Pay costs associated with relocation expenses if you cannot use your home because of a policy claim    
    Policy amount increases automatically up to 150% of policy amount over first five years    
    Post Policy Coverages    
    Someone else claims to have rights to title because of forgery or impersonation    
    Someone else has rights affecting title because of leases, contracts or options    
    Claims of ownership    
    Easements or restrictions that affect your use of the land    
    Encroachments of neighbor's buildings onto your land