Escrow & Title
An 'ALTA' title insurance policy differs from a standard policy because it:
AProvides less coverage and is cheaper
BProvides extended coverage including survey and off-record matters, often required by lenders✓ Correct
CIs only available in commercial transactions
DCovers only the seller's interests
Explanation
An ALTA (American Land Title Association) extended coverage policy provides broader protection than a standard policy, covering matters that might not appear in the public record (such as survey matters, encroachments, and off-record easements) and is commonly required by lenders.
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