What is the Enhanced Title Insurance Policy?
The Enhanced Policy, also known as the Gold Policy and ALTA Homeowner’s Title Policy, provides additional affirmative coverage for both lenders and owners of one to four family residences and condominiums. It provides coverage for post policy events not previously available in any policy. One such coverage increases the liability by 10% of the face value each year for a period of five years to a maximum of 150% of the original face amount of the policy.The premium for this type of policy is 20% higher than the basic premium.
