2.1 Flashcards
0
Q
True or False:
Title insurance policies are fairly uniform.
A
True
1
Q
On a title, what are encumbrances, claims, or questionable interests?
A
Clouds
2
Q
A ______ title insurance policy is required by lenders.
A
Lender’s
3
Q
For an extra charge, the buyer can obtain a/an _______ title insurance policy.
A
Owner’s
4
Q
In most cases, the ______ is expected to pay the title insurance premium.
A
Buyer
5
Q
What kind of insurance will defend against a lawsuit attacking the title?
A
Title Insurance
6
Q
True or False:
Title insurance generally insures against losses caused by future title problems.
A
False
true: past
7
Q
Title insurance companies search public records to document the _______.
A
Chain of Title
8
Q
When is the premium for title insurance paid?
A
At the time of closing
