Escrow & Title
Title insurance in South Dakota protects the policyholder from:
AFuture zoning changes
BPast title defects and claims not discovered in the title search✓ Correct
CPhysical damage to the property
DChanges in property tax rates
Explanation
Title insurance protects against losses from title defects, liens, or claims that existed before the policy was issued but were not discovered during the title search.
Related South Dakota Escrow & Title Questions
- A quiet title action in South Dakota is a court proceeding to:
- General warranty deed provides the greatest protection to the buyer because the grantor:
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- A South Dakota property's chain of title shows the property was transferred by quitclaim deed from an estate to a buyer 10 years ago. This could be a concern because:
- In South Dakota, a 'mechanic's lien' can be filed against real property by:
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- In South Dakota, a title insurance policy exclusion for 'matters known to the insured but not disclosed to the company' means:
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