Escrow & Title
The ALTA (American Land Title Association) owner's title insurance policy provides broader coverage than a standard coverage policy because it:
AIs cheaper and easier to obtain
BCovers additional risks such as unrecorded easements, survey issues, and access✓ Correct
CProvides a money-back guarantee if the home declines in value
DIs required by all Colorado lenders
Explanation
The ALTA extended owner's policy covers additional risks beyond those in the standard owner's policy, including unrecorded easements, survey discrepancies, mechanics' liens, and access issues. The lender's title policy almost always uses the ALTA form.
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