Question

T/F:Title insurance indemnifies the insured for property issues immediately after these issues are discovered by the insured

Answer 1

Title insurance does not immediately indemnify the insured for property issues discovered by the insured. It protects the insured from pre-existing defects in the property's title.

Step-by-step explanation:

Title insurance does not immediately indemnify the insured for property issues discovered by the insured. Instead, title insurance protects the insured from defects in the property's title that existed before the policy was issued. It provides coverage for losses resulting from claims against the title, such as ownership disputes, liens, or undisclosed encumbrances. However, it's important to note that title insurance policies have specific terms and conditions, and the insured may need to report any potential claims promptly to their insurance company.