What assumption does a standard title insurance policy make about the property owner?

The correct answer reflects the assumption that a property owner can inspect the property before making a purchase. This is an important aspect of the due diligence process in real estate transactions. A standard title insurance policy does not replace the necessity for a buyer to perform their own inspections of the property, as these inspections can identify physical defects and other issues that title insurance does not cover.

While title insurance safeguards against losses due to defects in title that weren't identified prior to closing, it presumes that buyers will actively assess the property's conditions and circumstances. Therefore, the concept that a property owner can inspect the property aligns with the overall framework of ensuring that they are fully informed about what they are purchasing.

In contrast, the other statements imply misconceptions about the responsibilities of a property owner or the expectations regarding their engagement with the property prior to purchase. For instance, the idea that the property owner has never visited the property or that they are not required to inspect the property contradicts standard practices in real estate transactions, which typically emphasize the importance of personal inspection. Additionally, assuming that a property owner is unaware of existing liens disregards the fundamental purpose of title insurance, which includes research on such legal encumbrances. Overall, recognizing the right of a property owner to inspect the property supports