Escrow & Title
An owner's title insurance policy in Maine protects the:
ALender against title defects
BOwner against title defects that existed at or before the date of closing✓ Correct
COwner against title defects that arise after closing
DBoth the owner and lender equally
Explanation
An owner's title insurance policy protects the property owner against title defects that existed at or before the date the policy was issued. It does not cover title issues that arise after the closing date.
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