What is one feature of the ALTA 2006 form title insurance policies?

The ALTA 2006 form title insurance policies are designed to offer enhanced coverage options for policyholders. One prominent feature is the inclusion of automatic survey coverage. This means that these policies can provide coverage against specific risks when a survey of the property indicates boundary discrepancies or other issues related to the physical layout of the property, which could affect ownership rights.

This characteristic is significant because it addresses a common concern among property owners and mortgage lenders regarding potential encroachments, boundary issues, or other discrepancies that might arise from surveying the property. By automatically offering this coverage, the ALTA 2006 policies enhance the protection provided to buyers and lenders, fostering greater confidence in their property investment.

In contrast, the other options do not align with the typical features of the ALTA 2006 policies. For instance, while some policies may exclude certain coverage related to environmental assessments or personal property, the distinguishing aspect of the ALTA 2006 is its commitment to providing broader and more relevant protection, particularly pertaining to survey issues. This focus on enhanced offerings sets these policies apart and highlights the evolving nature of title insurance as it addresses the needs of modern real estate transactions.