California Land Title Association (CLTA)
standard title insurance policy
There are two types of title insurance policies. There is the California Land Title Association (CLTA) “standard” policy and there is the American Land Title Association (ALTA) “extended coverage” policy. The standard policy insures matters of record, forgery, impersonation, non-legal competent party, non-intent to convey title, losses due to federal estate tax lien, and expenses incurred in defending a title. The standard policy does NOT insure hidden title defects, unrecorded easements and liens, unrecorded rights or claims of persons in physical possession of the land, unrecorded rights or claims not discoverable by physical inspection, mining claims, reservations in patents or water rights, and zoning ordinances. The extended policy covers additional items including unrecorded rights or claims of persons in physical possession of the land, reservations in patents and unmarketability of title. Synonyms: standard policy Antonyms: extended coverage policy
Multiple Choice Question
California Land Title Association (CLTA)
A mutual stock water company
B insurance on low down payment loans for default
C extended title insurance policy
D standard title insurance policy
Correct Answer: d
If you would like to suggest corrections to this word, email us at vocabubee@gmail.com. Thank you.
This word appears in the book Vocab-U-Bee California CA Real Estate License Exam Top Pass Words
Find links to all our playlists at VocabUBee.com
Vocab-U-Bee Values: Consistency First, One Small Step Each Day and the 42 Bee March
Thank You! and Good Luck!
