Escrow & Title
In North Dakota, an 'owner's title insurance policy' protects:
AOnly the lender's interest
BThe buyer's ownership interest against title defects that existed before closing✓ Correct
COnly claims arising after purchase
DThe seller against future buyer claims
Explanation
An owner's title insurance policy protects the buyer from financial loss due to title defects, liens, or claims against the property that existed before (but were unknown at) closing. It covers the buyer for as long as they or their heirs own the property, for a one-time premium paid at closing.
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