Schedule A of the title insurance policy would not contain what?

Master the TREC Promulgated Contract Test with our interactive quiz. Utilize flashcards and multiple choice questions, complete with hints and explanations, to prepare effectively. Ace your exam!

Schedule A of the title insurance policy serves as an essential section that summarizes critical information regarding the property and the coverage being provided. It typically includes the property's address, the date the policy is issued, and the number of owners who are covered under the policy.

In this context, exceptions and exclusions are generally documented in a different section of the title policy, known as Schedule B. This section outlines specific limitations of the coverage, identifying any risks or issues that the title insurance does not cover. Therefore, it is accurate to say that Schedule A would not include exceptions or exclusions, as its primary purpose is to present affirmative details about the property and the insured parties rather than highlight what is not covered. Understanding the structure of title insurance policies aids in comprehending how coverage operates and what details are pertinent to both the policyholders and the underwriting process.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy