Insurance that indemnifies the owner of real estate in the event that his or her clear ownership of property is challenged by the discovery of faults in the title is called .....

INSURANCE AWARENESS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Insurance that indemnifies the owner of real estate in the event that his or her clear ownership of property is challenged by the discovery of faults in the title is called ____

A	Hull Insurance
B	Title Insurance
C	Group Insurance
D	Hospital Insurance

Explanation:

Detailed explanation-1: -Title insurance is a form of indemnity insurance that protects a potential property owner against financial loss from defects in title to real property.

Detailed explanation-2: -Title insurance: Protects your ownership of the property. You pay the premium one time, when you close on the sale of the property. Homeowners insurance: Protects you from losses due to fire, weather, other types of property damage, or theft. You pay your homeowners premium every year.

Detailed explanation-3: -Renter’s property insurance. Commercial property insurance. Home insurance. Fire insurance for property. Public liability insurance. 31-Oct-2022

There is 1 question to complete.

GENERAL KNOWLEDGE

GK

INSURANCE AWARENESS