Escrow & Title
What is an 'endorsement' to a title insurance policy in Idaho?
AThe policy premium payment
BAn additional coverage provision attached to the base title insurance policy, providing coverage for specific risks not covered by the standard policy✓ Correct
CThe insured's signature approving the policy
DA notation on the deed indicating title has been insured
Explanation
Title insurance endorsements extend the base policy to cover specific additional risks. Common endorsements include: ALTA 9 (restrictions, encroachments, minerals), ALTA 22 (location of improvements), ALTA 25 (same-as-survey), access endorsements, and others.
People Also Study
Related Idaho Questions
- In Idaho, a 'ALTA' title insurance policy is known for providing:Escrow & Title
- In Idaho, what does 'ALTA Extended Coverage' address in title insurance that standard coverage does not?Escrow & Title
- What are 'endorsements' to a title insurance policy in Idaho?Escrow & Title
- What is a 'standard coverage' title insurance policy and how does it differ from an ALTA policy in Idaho?Escrow & Title
- What does Idaho law require a real estate broker to include in their written company policy manual?Idaho License Law
- In an Idaho condominium, the 'common elements' include:Property Ownership
- What is the purpose of a 'ALTA/NSPS Land Title Survey' in Idaho?Property Ownership
- In Idaho, a seller instructs their agent to advertise the home only on platforms typically used by a specific demographic group to attract certain types of buyers. This is likely:Fair Housing
Key Terms to Know
Title Insurance
Insurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Private Mortgage Insurance (PMI)Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
EasementA non-possessory right to use another person's land for a specific purpose.
State-Specific Concepts
DRE Regulation
Study This Topic
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →