What is the primary purpose of conducting a survey in title insurance?

The primary purpose of conducting a survey in title insurance is to provide exact property boundaries and identify encroachments or easements. A survey is a detailed examination of a property, mapping out its precise dimensions, limits, and any physical structures on or nearby the land. This information is crucial for establishing the exact extent of ownership and for identifying any potential issues that may affect the property’s title.

By confirming property boundaries, surveys help avoid disputes over land ownership, which could lead to legal issues or claims on the property, thereby safeguarding the interests of both the buyer and the title insurance company. Furthermore, surveys can reveal easements—rights that others may have to use a portion of the property for specific purposes, like utility access—that could influence a buyer's decision or impact the property's value.

The other options do not accurately reflect the main function of a survey within the context of title insurance. Analyzing market trends and property values focuses more on economic assessments rather than property boundaries. Increasing the cost of title insurance does not relate to the purpose of conducting a survey; instead, accurate surveys can actually protect against unforeseen claims that could lead to financial losses. Facilitating faster property sales is more a result of having clear property documentation rather than the primary goal of