B. less than actual cash value of the loss. C. replacement cost less depreciation. D. full replacement cost up to the face amount of the policy. Purchasers of a new home may protect themselves against loss due to structural defect by A. having the home inspected before purchase. B. purchasing insurance under the Home Owners Warranty Program.
Title insurance protects the insured against loss from A. all title defects of the past.
B. all title defects of the future. C. all defects up to the present date which are not specifically excluded in the policy. D. none of the above. If legal action becomes necessary under a title insurance policy, the A. property owner is liable. B. lender is liable.