Escrow & Title
An owner's title insurance policy protects:
AThe lender against title defects discovered after closing
BThe property owner against title defects that arose before the purchase✓ Correct
CThe seller against claims made during the listing period
DThe escrow company against errors in the closing documents
Explanation
An owner's title insurance policy protects the property buyer against financial loss from title defects that arose before the purchase (prior to the policy date), such as undisclosed liens, forgeries, or errors in public records. It provides coverage for as long as the owner holds the property.
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