Sander Scott explains why you need to read your title insurance policy and exemptions carefully. Issues listed as exemptions won't be covered by the insurer, so understanding what is and isn't protected matters before closing.
when I work with attorneys, they'll say, well, make sure your client is reading that title policy, reading what exemptions are there. In the commitment package. Because you need to understand what is really being insured. Sure. And what's not being insured by the title policy. Because those lists of exemptions are saying, we're going to insure all these things except for these exemptions. You will not get title insurance if one of these exemptions rears its ugly head. Sure.
