Escrow & Title
What does it mean when a Hawaii title insurance policy contains a 'standard exception' for matters shown on a survey?
AThe policy covers survey-related issues
BThe policy excludes coverage for encroachments or boundary disputes that a survey would reveal✓ Correct
CThe lender waives survey requirements
DThe buyer is entitled to a free survey
Explanation
A standard exception for survey matters means the policy excludes coverage for matters a current survey would disclose, such as encroachments or boundary issues. Buyers may obtain an extended coverage policy to remove this exception.
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