Updated about 5 years ago on . Most recent reply
Title Insurance ALTA options
I recently was the winning bid on auction.com for a property. The closing office offered title insurance for about 600.00. The property is in a small county that doesn't have any records online and I haven't been able to do my own search. I going to get the title insurance but they offered me 3 options. Can anyone help me understand the difference between the 3? I have googled these terms but didn't find anything. I asked my escrow officer for clarification and she told me to "just sign the Owner's Policy". I have no reason not to trust her but I would also like to know what these mean.
ALTA - R coverage
ALTA - Homeowner Policy of Title Coverage
ALTA - Owner's policy