What is the purpose of a property survey in relation to title insurance?

A property survey plays a crucial role in the title insurance process by establishing and confirming property boundaries. This step is essential because it helps identify the exact dimensions and location of a property in relation to neighboring parcels. By delineating boundaries, the survey can reveal any encroachments, easements, or other boundary disputes that may affect the ownership rights.

In title insurance, clarity of property boundaries is fundamental. It ensures that the title being insured accurately reflects the specific areas included in the coverage, thereby protecting the buyer against unforeseen claims or disputes related to boundary lines. Without a survey, there could be ambiguity regarding what portion of the land is actually owned, leading to potential legal issues in the future.

Understanding the boundaries also allows buyers and lenders to assess risks and responsibilities associated with the property. Overall, a survey provides a detailed account that supports precise title insurance underwriting and protects the interests of the insured parties.