Eagle Policy vs. ALTA Policy

There are some significant differences in an ALTA Policy and an expanded Eagle Policy. The benefits of the Eagle Policy are outlined in the following brochure. The question is often, when can an Eagle Policy be issued as compared to when one must issue the Standard ATLA Policy?

An Eagle Policy is typically issued in the following scenarios:

1. Improved residential 1-4 family properties

2. Owned by a natural person or a trustee on behalf of a trust

3. Have existing improvements:
   a. No raw land
   b. No construction
   c. No commercial property or transactions
   

An ALTA Policy is typically issued if an Eagle policy cannot otherwise be issued. This would be for:

1. Either residential or commercial properties

2. Raw land

3. Manufactured housing

4. Properties owned by entities, or

5. Properties that involve construction 
   

If you have any questions, please do not hesitate to reach out to the Vermont Underwriting Team.