Escrow & Title
An owner's title insurance policy in Rhode Island protects:
AThe lender against borrower default
BThe buyer against title defects that existed before closing✓ Correct
CThe seller from post-closing claims
DThe escrow agent from liability
Explanation
An owner's title insurance policy protects the buyer from financial loss due to title defects, liens, or encumbrances that existed before the closing but were not discovered during the title search.
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