medium · National Real Estate Exam transfer-title
A title insurance company provides an 'extended coverage' policy.
How does this primarily differ from 'standard coverage'?
- It includes protection against future liens that are filed against the property after the policy date.
- It covers items that would be found by a physical inspection or an accurate survey, such as encroachments.
- It provides supplemental accidental-death life insurance coverage for the owner while they reside on the property.
- It removes the lender's own requirement to obtain a separate lender's policy for its mortgage interest.
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