Escrow & Title
A title insurance policy protects against title defects that existed:
AOnly after the policy is issued
BBefore the policy date that were unknown at the time of issuance✓ Correct
CDuring the entire future ownership of the property
DOnly if the owner remains in the property for 5+ years
Explanation
Title insurance provides one-time protection against title defects that existed before the policy date but were unknown at the time of issuance. Unlike other insurance, it protects against past events, not future occurrences.
Related Idaho Escrow & Title Questions
- What is 'disbursement at closing' in an Idaho real estate transaction?
- A special warranty deed conveys title with the grantor warranting only against defects arising:
- What is an 'abstract of title' in Idaho?
- What is the difference between an owner's title policy and a lender's title policy?
- For a deed to be valid, it must contain all of the following EXCEPT:
- In Idaho, which document transfers ownership of real property from seller to buyer?
- A title search examines public records to determine:
- A 'quiet title' action in Idaho is filed to:
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →