Escrow & Title
In Alaska, which of the following is TRUE about owner's title insurance?
AIt is required by Alaska law for all real estate transactions
BIt is optional but protects the owner against covered title defects discovered after closing✓ Correct
CIt only covers defects that arise after the closing date
DIt is always less expensive than lender's title insurance
Explanation
Owner's title insurance is not required by Alaska law but is strongly recommended. It protects the owner against financial losses from covered title defects that existed before closing — such as undisclosed liens, forged signatures in the chain of title, or missing heirs — for as long as the owner holds title.
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