Which of the following best describes title insurance? Protection to an owner of property if he...

Which of the following best describes title insurance?

Protection to an owner of property if he or she is unable to make mortgage payments.

Protection to an owner of property against losses sustained as a result of a defective title to real estate.

Protection to an owner of a property that he owns any personal property currently on his or her real estate.

Protection to an owner of a property that he will receive the full appraised value of his property if he or she sells.

Expert Solution

Protection to an owner of property against losses sustained as a result of a defective title to real estate.

Explanation: Title insurance is a type of indemnity insurance which protects a holder from sustaining loss because of a defect in a title to a property.

Rahul Sunny answered 2 years ago

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