Escrow & Title
What happens to a buyer's title insurance policy when the property is sold to a new buyer?
AIt automatically transfers to the new owner
BIt terminates — the new buyer must obtain their own policy✓ Correct
CIt extends coverage for 10 years to the new owner
DIt converts to a seller's policy
Explanation
An owner's title insurance policy is not transferable to a new owner. Each buyer must purchase their own policy at closing to protect their ownership interest.
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