Escrow & Title
An extended (ALTA) title insurance policy differs from a standard (CLTA) policy primarily by:
ACosting less than a standard policy
BCovering additional risks such as survey matters and encroachments not shown in public records✓ Correct
CProtecting only the lender's interest
DCovering only recorded liens
Explanation
An ALTA (extended) policy covers all risks of the standard CLTA policy plus additional risks not discoverable from public records alone, such as boundary disputes, encroachments, survey issues, and off-record matters.
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