Escrow & Title
What is 'gap insurance' in Kansas title insurance?
AInsurance filling the gap between purchase price and appraised value
BCoverage protecting against title defects arising in the period between the title search and the recording of the deed — the 'gap' period✓ Correct
CInsurance for properties with unresolved boundary disputes
DCoverage for environmental claims not in standard policies
Explanation
Gap coverage (or gap insurance) protects against title defects (such as new liens or encumbrances) that arise in the time between when the title search ends and when the new deed and mortgage are recorded.
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