Which policy provides coverage for many exclusions found in a standard title policy?

The extended coverage policy is designed to provide broader protection compared to standard title policies. While standard title policies typically cover known risks and defects related to the title, such as liens or ownership disputes, they usually have a number of exclusions that can leave certain risks uncovered.

An extended coverage policy addresses many of these exclusions by providing additional coverage for risks that might arise after the property transaction is completed. This can include things like zoning issues, certain types of claims by neighbors, and other potential title defects that may not be identified during the typical due diligence process.

This additional level of protection makes the extended coverage policy particularly valuable for buyers and lenders who want to mitigate the risk of unexpected title problems that could arise after they take possession of the property. Therefore, choosing this type of policy can help ensure added security and peace of mind in real estate transactions.