Escrow & Title
A North Dakota title policy with a 'standard exception' for 'matters disclosed by a survey' means:
AThe title company has surveyed the property
BThe title company does not insure against encroachments or boundary issues that a survey would reveal unless a survey is provided and the exceptions removed✓ Correct
CAll survey costs are covered by the policy
DThe policy insures against all boundary disputes
Explanation
Standard title policies typically exclude coverage for survey matters — boundary issues, encroachments, or easements visible only by survey inspection. To remove this exception and get broader coverage, a current survey must be provided and the title company must agree to delete the survey exception.
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