Under the title insurance policy, the insurer agrees A) to furnish a valid title to the...

Under the title insurance policy, the insurer agrees

A) to furnish a valid title to the insured.

B) compensate any person who comes forward with a legal claim to the property.

C) protect subsequent purchasers against loss resulting from a defective title transferred to them by the insured.

D) defend the insured in the event of legal action in connection with losses not excluded by the policy.

Solutions

Expert Solution

Option (D) is correct

Title insurance policy defends the insured in the event of legal action in connection with losses not excluded by the policy. Title insurance protects the purchaser of the property against the losses arising from defects in title. It assures the purchaser that the property is free from any defects, liens or any other types of claims on the property. The insured have this coverage as long as he owns the property.

jeff jeffy answered 1 year ago

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