Question

A Standard Owners' Policy of Title Insurance ____________ normally show the street address of the property being insured?

1) will
2) will not
3) can
4) should

Answer 1

A Standard Owners' Policy of Title Insurance will not usually display the street address of the property, instead, it provides a legal description which is more precise for legal documentation.

Step-by-step explanation:

A Standard Owners' Policy of Title Insurance typically refrains from indicating the street address of the insured property. Instead, it places emphasis on providing a comprehensive legal description of the property. This legal description encompasses specific details such as lot number, block number, and subdivision name, serving as the definitive identifier for the property.

Unlike street addresses, which may be subject to change and are less precise from a legal standpoint, the legal description provides an unambiguous and enduring representation of the property's boundaries and location. By focusing on the legal description, the title insurance policy aims to offer a clear and unchanging reference point for the insured property, enhancing the accuracy and reliability of the title insurance coverage in protecting against potential title defects or disputes.