A.L.T.A Owner’s Title Policy

An owner’s extended coverage policy that provides buyers and owners the same protection the ALTA policy gives to lenders. ALTA stands for American Land Title Association. An ALTA policy is a type of title insurance issued by title insurance companies. This policy expands the covered risks normally insured against under the standard policy to include: unrecorded mechanic’s liens; unrecorded physical easements; facts a physical survey would show; water and mineral rights; and rights of parties in possession, such as tenants and buyers under unrecorded instruments.