Schedule B Exceptions
"Schedule B exceptions" are the listed matters excluded from coverage in a title insurer's commitment/policy, typically including recorded easements, covenants, and other recorded encumbrances. Exception management is the process of clearing, insuring over, or accepting such items.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Diligence; closing
- Property types
- Title-insured assets
Risk and Liability Terminology
- Closing Protection Letter (CPL)
- Closing Wire Fraud / Business Email Compromise (BEC)
- Deed Fraud
- Directors and Officers (D&O) Insurance
- Errors & Omissions (E&O) Insurance
- Force Majeure
- Indemnification
- Limitation of Liability
- Liquidated Damages
- Notice of Recorded Document (NRD) Monitoring
General information, not legal, tax or financial advice.