Finance
Florida is known for its heavy use of title insurance in real estate closings. Title insurance in Florida typically includes all of the following EXCEPT:
AOwner's title insurance policy for the buyer
BLender's title insurance policy for the mortgagee
CCoverage for defects that arise after the policy effective date✓ Correct
DCoverage for unpaid liens that existed before closing
Explanation
Title insurance covers defects, liens, and encumbrances that existed before or at the time of closing but were not discovered during the title search. It does NOT cover defects that arise after the policy's effective date.
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