The purpose of title insurance is to
A)transfer ownership of property.
B)reduce the chance of a decrease in property value.
C)guarantee the boundaries of the property.
D)protect an owner from changes in mortgage interest rates.
E)cover the closing costs of a real estate transaction.

Question

Quizplus · Accepted Answer

Title insurance guarantees the boundaries of a property and protects the owner from any future challenges to the ownership or title. It does not transfer ownership, reduce property value or cover closing costs. It also does not protect an owner from changes in mortgage interest rates.

The Purpose of Title Insurance Is to