Escrow & Title
Which of the following is a common exception in a standard title insurance policy?
AThe grantor's warranty against all prior claims
BTaxes and assessments not yet due and payable✓ Correct
CAll recorded mortgages
DClaims that arise after the policy date
Explanation
Standard title insurance policies typically include exceptions for taxes and assessments that are not yet due and payable, easements visible on an inspection, and rights of parties in possession — items outside the public records.
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