Escrow & Title
In New York, a title insurance policy protects against:
AFuture physical damage to the property
BDefects in title that existed prior to the policy date✓ Correct
CChanges in zoning regulations
DFuture tax assessments
Explanation
Title insurance protects the insured against losses arising from defects in or liens on the title that existed prior to the policy's effective date, such as undisclosed heirs, forged documents, or recording errors.
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