Escrow & Title
Which type of title insurance policy in Oklahoma covers the homeowner's equity in the property?
ALender's (mortgagee's) policy
BOwner's (mortgagor's) policy✓ Correct
CExtended coverage endorsement
DUmbrella policy
Explanation
An owner's title insurance policy protects the homeowner's equity and interest in the property. The lender's policy protects only the lender's interest up to the loan balance. Buyers should always obtain an owner's policy.
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