Escrow & Title
A ALTA (American Land Title Association) extended title insurance policy, compared to a standard policy, provides coverage for:
AFewer risks than a standard policy
BAdditional risks including survey matters, unrecorded easements, and certain off-record matters✓ Correct
COnly future title defects
DCommercial properties only
Explanation
An ALTA extended coverage policy covers additional risks beyond a standard policy, including matters that a survey would reveal, unrecorded easements, and certain off-record matters. Lenders typically require ALTA extended coverage.
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