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.

Question

Quizplus · Accepted Answer

The contract described in the question is commonly known as title insurance, which indemnifies the insured against specific risks or defects in title to real property. A warranty deed, on the other hand, is a type of deed that guarantees that the grantor (seller) holds clear title to the property and has the right to transfer it to the grantee (buyer). Guarantee insurance and real estate guarantee are not commonly used terms in the context of real estate transactions.

A Contract Agreeing to Indemnify the Insured Against Certain Specified