Survey Coverage insures the boundaries of your property and any loss to the owner due to boundary conflicts or any loss due to encroaching improvements that are not shown on the survey.
How much does this Coverage cost?
The cost for survey deletion coverage on a residential transaction is 5% of the basic premium.
For example:
Sales Price
Basic Title Premium
Cost for Survey Coverage
$100,000
300,000
500,000
$875.00
$1983.00
$3,091.00
$43.75
$99.15
$154.55
What is required to obtain Survey Coverage?
An accurate and complete survey is needed for review. Survey must include the date, surveyor’s name, seal and RPLS number. Property owners will be required to sign an affidavit that indicates no changes to the property have been made since the date of the survey
Why is the phrase “Shortages in Area” not deleted from the general exception?
The Texas Department of Insurance prohibits title companies from insuring exact acreage.
What is the benefit of purchasing Survey Coverage?
It protects the Buyers against errors made by the surveyor or claims by neighboring owners concerning boundaries or encroachments.
