How can a "property survey" affect title insurance?

A property survey is an essential document in real estate transactions that can significantly impact title insurance. The correct response highlights that surveys can reveal boundary discrepancies or easements that may affect the property and title.

When a property survey is conducted, it provides a precise measurement of the property’s boundaries, identifies the exact location of structures, and may uncover easements or encroachments that could interfere with ownership rights. Such discrepancies have direct implications for title insurance because they can affect the legal coverage provided by the title insurance policy. If boundary lines are misrepresented or if there are unrecorded easements that grant others certain rights over the property, these issues could complicate ownership and potentially lead to disputes.

Confirming ownership is indeed a function of title insurance; however, a survey specifically addresses the physical aspects of the property rather than ownership claims. While the survey can provide historical information about property ownership and establish property tax liabilities, these elements do not directly correlate with how title insurance is affected in terms of boundary accuracy and easement identification. Thus, the aspect of revealing discrepancies or easements is vital when considering the implications for title insurance.