Escrow & Title
In New Mexico, a 'survey exception' in a title insurance policy means:
AThe policy covers all survey-related defects
BThe policy excludes matters that would be revealed by a current, accurate survey (such as encroachments)✓ Correct
CA survey is not required for the property
DThe survey has already been completed and is incorporated into the policy
Explanation
A standard survey exception in a title policy means the insurer won't cover matters that a current survey would reveal—like encroachments or boundary disputes. An ALTA policy with survey can eliminate this exception.
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