Escrow & Title
In South Carolina, a 'standard coverage' versus 'ALTA' title insurance policy refers to:
AState versus federal title insurance standards
BStandard coverage protects against recorded defects; ALTA (American Land Title Association) is an extended coverage policy with broader protections including survey matters✓ Correct
CCommercial versus residential title insurance
DLender versus owner title insurance
Explanation
ALTA (American Land Title Association) policies provide broader coverage than standard coverage policies, including protection for survey matters (encroachments, boundary issues) that standard policies typically exclude. Lenders often require ALTA policies.
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