Escrow & Title
What is the difference between a 'warranty deed' and a 'quitclaim deed' in Rhode Island as it relates to title insurance?
ATitle insurance is not available with a quitclaim deed
BTitle insurance can be obtained with either deed type, but the insurer reviews the title history regardless of the deed type used✓ Correct
CWarranty deeds eliminate the need for title insurance
DQuitclaim deeds provide better title protection than warranty deeds
Explanation
Title insurance covers defects in title history, regardless of the type of deed used. A title insurer reviews the chain of title and issues a policy based on that review, whether the current conveyance uses a warranty deed or quitclaim deed.
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