The CLTA standard title policy

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Multiple Choice

The CLTA standard title policy

The main idea is that the standard CLTA title policy protects the insured against risks that can affect who actually owns the property, including problems caused by forged documents or fraudulent actions in the chain of title. Forgery and fraud are classic risks to title, and the standard policy provides coverage for losses if a forged deed or fraudulent transfer undermines the title. This makes forgery and fraud the best fit for what the policy is meant to insure. Off-record matters are not automatically covered by the standard policy, and cost or being “the most expensive” aren’t about what risks the policy covers.

The main idea is that the standard CLTA title policy protects the insured against risks that can affect who actually owns the property, including problems caused by forged documents or fraudulent actions in the chain of title. Forgery and fraud are classic risks to title, and the standard policy provides coverage for losses if a forged deed or fraudulent transfer undermines the title. This makes forgery and fraud the best fit for what the policy is meant to insure.

Off-record matters are not automatically covered by the standard policy, and cost or being “the most expensive” aren’t about what risks the policy covers.

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