Escrow & Title
A standard coverage title insurance policy versus an ALTA (American Land Title Association) extended coverage policy provides buyers in Oregon:
AStandard coverage provides more protection than ALTA
BALTA is broader, often including survey and off-record risk coverage with endorsements✓ Correct
CStandard coverage is the only type used in Oregon; ALTA is used only for commercial transactions
DThere is no difference in Oregon
Explanation
ALTA policies (especially with endorsements) typically provide broader coverage than standard coverage policies. ALTA policies may cover risks such as survey matters, encroachments, and other issues not covered by a basic standard policy. In Oregon, title companies offer various policy types; buyers should understand the coverage differences.
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