Escrow & Title
The purpose of a 'title insurance exception' listed in Schedule B of a Mississippi title policy is to:
AGuarantee the exception is resolved before closing
BExclude coverage for specific items—such as unrecorded easements or survey matters—that are not being insured✓ Correct
CList the insured parties
DIdentify the amount of the insurance premium
Explanation
Schedule B exceptions identify specific matters that are NOT covered by the title policy—known encumbrances, easements, conditions, or restrictions to which the title is subject but which the title company is not insuring.
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