Escrow & Title
An Indiana property owner's title insurance policy is not required to be renewed annually because:
AIt expires after 10 years
BAn owner's title policy is a one-time premium policy that provides coverage for as long as the insured owns the property✓ Correct
CIt is automatically renewed each year without premium
DIt is only valid for the first mortgage term
Explanation
An owner's title insurance policy is purchased once (at closing) with a single premium and provides coverage indefinitely — for as long as the insured or their heirs hold an interest in the property. It does not require annual renewal.
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