- excludes collision
- excludes vandalism
- excludes hail
- excludes theft
1. Defects, liens, encumbrances, adverse claims or other matters, if any created, first appearing in the Public Records or attaching subsequent to the Effective Date but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment.
2. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments on the Land of existing improvements located on adjoining land.
3. Rights or claims of parties in possession.
4. Construction, Mechanic's, Contractors' or Materialmen's lien claims, if any, where no notice thereof appears of record.
5. Easements or claims of easements not shown by the public records.
6. General or special taxes and assessments required to be paid in the year 2015 and subsequent years.
I challenged these 6 on behalf of my clients because we, as homeowners, want insurance coverage against these things, we certainly don't need them listed as exceptions to the owner's policy.
Even if you (and or partner) find all of this extremely boring, please get a friend or family member to review some of this stuff! Buying a house is a big deal, don't approach it like it's not.