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Tomtit [17]
2 years ago
3

Where are the encumbrances and defects that will not be insured against under a title insurance policy stated?

Social Studies
1 answer:
DaniilM [7]2 years ago
5 0

Schedule of defects are the encumbrances and defects that will not be insured against under a title insurance policy stated.

A title insurance policy excludes defects, liens, liabilities, and adverse claims of the insured from coverage. The Loan Policy does not exclude from coverage defects, liens, and liabilities created by the insured beneficiary.

Proof of Ownership is used as proof of ownership but does not protect against potential liens or potential defects.

The owner's title insurance encumbrances that the owner has a marketable title to the property. The property is free of liens, debts, or other defects unless an exception is specified in the policy. The property must have access to a public road or street.

Learn more about encumbrances at

brainly.com/question/20462249

#SPJ4

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