Asked by Marinda Carraway on Jun 23, 2024
Verified
A contract agreeing to indemnify the insured against certain specified defects in title to real property is called:
A) title insurance.
B) a warranty deed.
C) guarantee insurance.
D) a real estate guarantee.
Title Insurance
An insurance policy that protects property buyers and lenders against losses from defects in the title or ownership of a property.
Insured
An individual or entity covered by an insurance policy, receiving protection against specified losses or damages.
Real Property
Land and anything permanently attached to it, such as buildings, often considered immovable.
- Gain an understanding of the critical nature and purpose of title searches, securing title insurance, and the process of property deed registration.
Verified Answer
Learning Objectives
- Gain an understanding of the critical nature and purpose of title searches, securing title insurance, and the process of property deed registration.
Related questions
Which of the Following Statements Is True Regarding Title Examinations ...
_______Involves Checking the Publicly Available Records of Real Estate Transactions ...
Which of the Following Parties Is Likely to Undertake a ...
A Title Search Involves Examining Prior Transfers of and Encumbrances ...
Title Insurance Is Unnecessary If a Title Search Is Made