What does Schedule B-2 list in title insurance?

Schedule B-2 in title insurance is significant because it outlines the standard exceptions from coverage that may exist in a title insurance policy. These exceptions identify specific risks or issues that the title insurance will not cover, such as zoning laws, restrictions, or other encumbrances that might affect the property. This information is crucial for buyers and lenders to understand the limitations of their coverage and what potential issues they could encounter related to the property's title.

By clearly stating these exceptions, Schedule B-2 helps in setting the expectations for all parties involved, allowing them to make informed decisions about proceeding with the transaction or seeking further remedies or negotiations based on the risks involved. The standard exceptions found in Schedule B-2 effectively provide a roadmap for potential title issues that the insured will need to be aware of, which can influence the overall value and security of the investment in the property.