Escrow & Title
Which of the following BEST describes what ALTA title insurance protects against?
APhysical damage to the property after closing
BUnknown defects in title that existed before the policy date✓ Correct
CIncreases in property taxes after closing
DFuture zoning changes that reduce property value
Explanation
ALTA (American Land Title Association) title insurance protects the insured against financial loss from undiscovered defects in title, liens, or encumbrances that existed before the policy was issued.
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