The TIRSA Owner’s Extended Protection Policy (TOEPP) provides the most comprehensive title coverage for purchasers of one-to-four family residences in the State of New York. In addition to the coverages provided by the Standard ALTA owner’s policy, the TOEPP policy also provides enhanced coverage against certain covenant, condition or restriction violations, encroachments, certain post policy matters as well as limited zoning and building coverages. Some of the enhanced features that are included in the TOEPP are:
|An automatic increase in the amount of insurance by 10% per year for the first five years following the date of policy.|
|Expanded access by including Vehicular access to and from the land (other than to a Condominium Unit)|
|Insurance that the residence with the address shown on Schedule A is located on the land at policy date.|
|Coverage for Certain Post-policy matters.|
|Certain Limited Zoning and Building Coverages.*|
|Protection against actual loss sustained by the forced removal or correction of a violation of a covenant, condition or restriction affecting the land, the violation of which was not excepted in your policy but existed at policy date.|
|Protection against the loss or taking of your title because of a violation of a covenant, condition or restriction, the violation of which was not excepted in your policy but which occurred before you acquired title.
* Subject to deductibles and maximum liability amounts
Please visit the Media Center on our FNTG agency website (www.fntgnyagency.com) where you will find additional information on the TOEPP. There you will find seminar materials (including audio) that discuss the TOEPP policy in detail.