Escrow & Title
What is 'gap coverage' in Delaware title insurance?
ACoverage for the period between the last title search and the recording of the deed — protecting against liens or claims arising in that window✓ Correct
BCoverage for gaps in the chain of title going back more than 60 years
CCoverage for differences between the appraised value and purchase price
DCoverage for gap periods when a property is vacant between owners
Explanation
Gap coverage in title insurance protects against defects, liens, or encumbrances that arise in the 'gap' period between the last title search and the actual recording of the deed. In Delaware, the gap period can be a day or more — during which time new liens or claims could be filed. Gap coverage is particularly important in the current e-recording environment.
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