Escrow & Title
ALTA title insurance policies differ from standard coverage policies because ALTA policies:
AAre cheaper and provide less coverage
BProvide extended coverage including survey matters and matters not in the public record✓ Correct
CAre only available to residential buyers
DDo not require a title search
Explanation
ALTA (American Land Title Association) policies provide broader protection than standard coverage policies, covering survey matters, rights of parties in possession, and certain off-record matters.
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