California Real Estate Exam 2024 - Collection 4 - Question 51

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California Real Estate Exam 2024
Collection 4
Question 51: An ALTA policy of title insurance does not insure against:
A. Forgery.
B. Defects in the chain of title.
C. Zoning changes.
D. Parties in possession.
Correct answer is C. Zoning changes.
An ALTA (American Land Title Association) policy of title insurance provides coverage against various risks related to title defects, including: 1. Forged documents: Forgeries in the chain of title. 2. Defects in the chain of title: Errors or omissions in the recorded documents affecting the property's ownership. 3. Rights of third parties: Claims or interests held by others that could affect the property's title. However, ALTA policies generally do not cover risks arising from zoning changes that occur after the policy is issued. If a zoning change affects the property's use or value, it's typically not covered by the title insurance. It's important to note that specific coverage may vary depending on the terms of the ALTA policy and any additional endorsements purchased.

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