Escrow & Title
Title insurance in Pennsylvania protects against:
AFuture physical damage to the property
BDefects in the title that exist prior to the policy date, such as liens, encumbrances, or ownership disputes✓ Correct
CLoss of property value due to market decline
DHOA assessment disputes
Explanation
Title insurance protects against losses arising from pre-existing defects in the title, such as undisclosed liens, forged deeds, fraud, errors in public records, or prior ownership claims. The lender's policy protects the lender; an owner's policy protects the buyer.
Related Pennsylvania Escrow & Title Questions
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