Our Underwriters:

Chicago Title

First American Title Insurance Company of Oregon
 

United General

The Owner's Policy of Title Insurance

Providing the Best to Homeowner's, Realtors, Attorneys and their Clients, Builder’s and Developer’s.

The superior coverage of the Owner's Policy of Title Insurance, backed by the state's best title insurer, provides outstanding benefits to homeowners as well as other parties involved. Here's how:

·         Reduces the risk of loss to all involved in a transaction regarding certain matters of record.

·         Increases the homeowner's satisfaction and confidence by providing the finest protection available.

·         Helps ensure the homeowner's ability to resell the home in the future, free of potentially damaging title problems.

·         Gives the insured peace of mind in the increasingly complex world of real estate.
 

Informing homeowners about title insurance such as the Owner's Policy makes good business sense. With superior title coverage issued through Reliance Title Services, L.L.C., the homeowner's benefit from two critical layers of protection.

Providing the Best to Homeowners

Homeowners depend upon the strength and stability of a reputable title insurer to back their policies for years to come. Reliance Title Services, L.L.C. has a long and proud history of providing homeowners with the most innovative title and escrow products in the industry. With Reliance Title Services, L.L.C., homeowners can enjoy peace of mind knowing they are insured by one of the industry's premier title insurers.

Superior All-Inclusive Benefits from the Owner's Policy

This superior policy gives your clients the most thorough and comprehensive coverage available in the industry.

The Owner's Policy Includes the Following Basic Coverage:

·         False impersonation of the true owner of the property

·         Forged deeds, releases or wills

·         Undisclosed or missing heirs

·         Instruments executed under invalid or expired power of attorney

·         Mistakes in recording legal documents

·         Misinterpretation of wills

·         Deeds by minors

·         Deeds by persons supposedly single, but in fact married

·         Liens for unpaid estate, inheritance, income or gift taxes

·         Fraud

The Owner's Policy also Provides the Following Additional Benefits:

·        Pre and Post Policy Protections: The Owner's Policy coverage protects homeowners against claims arising both before and after the policy date. The homeowner is covered if someone else has an interest in or claims to have rights affecting the title, or if the title is defective. Post-policy protection also includes coverage for forgery.

·      Expanded Access Coverage: The Owner's Policy provides homeowners with expanded access protection for right of access to and from the property. Traditional title policies do not define the type of access a homeowner has to the property, but the Owner's Policy specifically insures both actual pedestrian and vehicular access, based upon a legal right.

·         Restrictive Covenant Violations: The Owner's Policy protects homeowners against the loss of title to property because of a violation of a restrictive covenant that occurred before the insured acquired title.

·         Subdivision Law Violations: The Owner's Policy protects homeowners if they can't sell the property or get a building permit because of a violation of an existing subdivision law. Homeowners are also protected if they are forced to correct or remove the violation. This coverage is subject to a policy deductible and maximum limits of liability.

·         Encroachment Protections: The Owner's Policy 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 limit of liability). It also covers homeowners when someone else has a legal right to, and does refuse to perform a contract to purchase the homeowner's land, lease it or make a mortgage loan on it because a neighbor's existing structures encroach onto the land.

·         Water and Mineral Rights Damage: The Owner's Policy provides coverage if a homeowner's existing improvements, including lawns, shrubbery and trees, are damaged because someone exercised a right to use the surface of the land for the extraction of minerals or water.

·         Supplemental Tax Lien: The Owner's Policy protects homeowners if a supplemental tax lien is filed and assessed against the property because of new construction or a change of ownership prior to the policy date.

·         Continuous Coverage: The Owner's Policy covers homeowners forever even if they no longer have the title. The policy insures anyone who inherits the title because of the homeowner's death or the spouse who receives the title after a dissolution of marriage.

How to Offer Owner's Policy Coverage:

Your Reliance Title Services, L.L.C. Representatives can provide you and your clients with information about the Owner's Policy coverage in simple, easy-to-understand language. Your representative is also available to meet with your clients personally to explain the Owner's Policy or any other product we offer.

Title Policy Coverage Comparison:
 

Protect yourself as a Realtor while protecting your clients with superior title insurance coverage. Call your Reliance Title Services, L.L.C. Representative for more details or specific policy language pertaining to the Owner's Policy of Title Insurance. This coverage has certain limitations and exclusions that apply. This policy has been adopted by both the CLTA and ALTA.

Residential Customers please click here.

Commercial Customers please click here.

Realtors please click here.

Mortgage Professionals please click here.