Escrow & Title (alternative)
In Maryland, a 'standard coverage' title insurance policy is typically:
AThe standard owner's policy for residential purchases
BAn older, less comprehensive form compared to the ALTA policy✓ Correct
CThe lender's policy only
DUsed exclusively in Baltimore City
Explanation
Standard coverage title insurance policies are an older, more limited form. In Maryland and most of the country, ALTA policies are the standard and provide broader coverage.
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