Escrow & Title
An owner's title insurance policy in Virginia protects:
AThe lender against loss from title defects
BThe buyer/owner against title defects that existed prior to closing✓ Correct
CThe seller against post-closing claims
DThe escrow agent against claims of negligence
Explanation
An owner's title insurance policy protects the buyer/owner from financial loss due to title defects, liens, or other encumbrances that existed prior to the policy date but were not discovered during the title search.
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