Answered

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A buyer is going over the schedule of exceptions on his title insurance policy, and what
he's reading worries him. Is there anything he can do about these exceptions?
He can file suit against the insurer for undue burden to have the exceptions removed fr
policy.
He can purchase owner's extended coverage.
He can sue the seller to satisfy all exceptions.
No. Insurers decide what to exclude from the policy.

Sagot :

GinnyAnswer

Final answer:

Insurance policy exceptions can be challenging for buyers, who have limited options such as purchasing extended coverage or legal action.


Explanation:

Insurance companies have the authority to decide what to exclude from a policy, including exceptions. In the scenario presented, the buyer may have limited options to address the exceptions on his title insurance policy:

  1. He can purchase owner's extended coverage to potentially cover some of the exceptions.
  2. However, suing the seller to satisfy all exceptions is not a common or standard recourse in insurance matters.
  3. Filing suit against the insurer for undue burden to have the exceptions removed from the policy may not always be successful, as insurers have the discretion to determine policy terms.

Learn more about Insurance Policy Exceptions here:

https://brainly.com/question/37986416


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