Escrow & Title
What does 'ALTA extended coverage' title insurance provide that a standard policy does not?
ACoverage for physical property damage
BCoverage for additional risks such as unrecorded liens, survey issues, and parties in possession not shown in public records✓ Correct
CCoverage for future zoning changes
DCoverage for losses above the purchase price
Explanation
An ALTA extended coverage policy (often required by lenders) covers additional risks beyond a standard title policy, including: unrecorded mechanic's liens, rights of parties in possession, survey and boundary disputes, and easements not shown in public records. The insured typically must provide a current survey to obtain extended coverage.
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