Escrow & Title
In New York, a 'survey exception' in a title insurance policy means:
AThe policy covers all survey-related matters
BThe policy excludes coverage for matters that a current, accurate survey would reveal (encroachments, boundary disputes, etc.)✓ Correct
CThe survey has been waived by the buyer
DThe title company has inspected the property
Explanation
A standard survey exception in a title insurance policy excludes coverage for matters that would be disclosed by a current survey—such as encroachments, boundary line discrepancies, and easements. Buyers can have this exception deleted by providing the title company with a current survey.
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