Escrow & Title
A Michigan homeowner's title insurance policy typically protects against which of the following?
AFuture zoning changes that reduce property value
BA forged deed in the chain of title discovered after closing✓ Correct
CPhysical damage to the property from a fire
DA decline in property value due to market conditions
Explanation
Owner's title insurance covers hidden title defects existing at or before closing, such as forged deeds, undisclosed heirs, errors in prior deeds, or fraudulent releases. It does NOT cover future zoning changes, physical damage, or market decline.
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