Which of the following is correct in regard to an owner's title insurance policy?
A) It is transferable to a new property owner
B) The policy terminates when the mortgage loan is paid off
C) The policy terminates when the property is transferred to a new owner
D) It protects the policy holder against adverse claims even beyond the term of property ownership

Question

Quizplus · Accepted Answer

An owner's title insurance policy protects the policyholder against any adverse claims or defects in the title even beyond the term of property ownership. It is not transferable to a new owner, and it does not terminate when the mortgage loan is paid off or when the property is transferred to a new owner.

Which of the Following Is Correct in Regard to an Owner's