Escrow & Title
The 'ALTA' (American Land Title Association) owner's policy compared to a standard owner's policy provides additional coverage for:
AEnvironmental contamination
BMatters that could be discovered by a physical inspection or accurate survey, such as encroachments and boundary disputes✓ Correct
CProperty damage from natural disasters
DLosses due to changes in zoning
Explanation
The ALTA extended coverage owner's policy covers additional risks not covered by a standard policy, including unrecorded easements or claims that would be revealed by an accurate survey, inspection of the property, or questioning of persons in possession. It is often required for commercial transactions.
Related Alaska Escrow & Title Questions
- Which of the following title defects would likely NOT be discovered through a standard title search of public records in Alaska?
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