Final answer:
Extended coverage title insurance provides additional protection for the property owner by covering a broader range of potential title issues.
Step-by-step explanation:
One benefit of extended coverage title insurance over standard coverage is that it provides additional protection for the property owner. Extended coverage policies may include coverage for survey errors, zoning violations, mechanic's liens, and other potential title issues that standard coverage policies may not cover.
For example, if a survey error is discovered after purchasing a property, extended coverage title insurance would provide financial protection for the property owner to address the issue and resolve any related disputes.
Extended coverage title insurance offers peace of mind and safeguards the property owner's investment by providing comprehensive coverage for a broader range of potential title issues.