A document that protects against hidden risks, such as forgeries and losses due to defects in the title, and is subject to specific exceptions is called
A) an abstract of title.
B) a chain of title.
C) a title insurance policy.
D) a certificate of title.
Answer (2)
A title insurance policy is a document that protects against hidden risks related to property ownership, including forgeries and defects in the title. It offers crucial protection that may not be apparent when purchasing property. Therefore, the correct answer to the question is C) a title insurance policy.
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A title insurance policy protects against hidden risks, such as forgeries and defects in the title. It provides coverage against potential losses that may arise related to property ownership. This policy is subject to specific exceptions, making it crucial for property buyers. ;
