What happens to an owner's title insurance policy if the owner dies? a. If the homeowner dies, the policy immediately becomes invalid and heirs would have to buy new insurance. b. If the homeowner dies, the policy transfers to the trust of the named beneficiaries. c. If the homeowner dies, the policy transfers to the lender (automatically becoming a lender's policy). d. If the homeowner dies, the policy remains valid for 90 days or until ownership transfers, whichever comes first