Escrow & Title
The ALTA (American Land Title Association) extended coverage title insurance policy differs from a standard policy in that it:
ACovers only recorded title defects
BCovers additional risks that may not appear in the public record, such as survey matters and unrecorded liens✓ Correct
CIs issued only to residential homebuyers
DCosts less than a standard policy
Explanation
An ALTA extended coverage policy insures against additional risks beyond what is in the public record — such as matters a survey would reveal, unrecorded mechanic's liens, and certain off-record hazards. It is commonly required for commercial transactions and provides broader protection than a standard policy.
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