Which of the following types of insurances will help an owner of a real property establish clear ownership over that property?

Question

Quizplus · Accepted Answer

Title insurance is designed to protect real property owners or mortgage lenders against losses due to defects in a title to a property. It helps the owner establish clear ownership over the property by ensuring that there are no liens or other encumbrances on the property. Comprehensive insurance may provide coverage for damages to the property and personal liability, but it does not address issues related to the property's ownership. Omnibus insurance typically provides liability coverage for multiple liability exposures, and renter's insurance is designed to protect a tenant's personal property rather than the property owner's ownership rights.

Which of the Following Types of Insurances Will Help an Owner