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Ksenya-84 [330]
3 years ago
9

A standard policy of title insurance covers all of the following EXCEPT: (a)unrecorded liens. (b)incorrectly given marital statu

s. (c)incompetent grantor. (d)forged deed.
Social Studies
1 answer:
liraira [26]3 years ago
8 0

A standard policy of title insurance covers all of the following EXCEPT "unrecorded liens".

<u>Answer:</u> Option A

<u>Explanation:</u>

Title insurance covers all property owners and borrowers against damage or loss arising from liens, liabilities or deficiencies in a property's title or property's possession.

In general, a standard title insurance policy would cover the applicant against damages resulting from title errors such as:

  • Forged documents such as deeds, dower releases, mortgages;
  • Undisclosed heirs;
  • Capacity deficient (minors);
  • Wrong legal understanding of wills;
  • Incomplete records, unwanted acknowledgments;
  • Misunderstanding arising from name similarities;
  • Wrong marital status and intellectual incompetence.
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