Escrow & Title
What is 'title insurance commitment' Schedule A vs. Schedule B in Idaho real estate?
ASchedule A covers residential; Schedule B covers commercial
BSchedule A contains the basic transaction details (parties, amount, property description); Schedule B lists exceptions and exclusions from coverage✓ Correct
CSchedule A is the policy amount; Schedule B is the premium
DSchedule A is for buyers; Schedule B is for lenders
Explanation
In a title insurance commitment: Schedule A shows the basic information (effective date, parties, coverage amount, property description, current vesting). Schedule B lists the title exceptions — items excluded from coverage (easements, restrictions, current taxes, specific existing liens). Buyers should carefully review Schedule B exceptions during due diligence.
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