Acreage

Acreage: Underwriting Guidelines

If you are asked to insure the quantity of acreage, contact Agents National Title underwriting counsel for express permission and prerequisites. A current, accurate survey of the land will always be required. Always add the language “more or less” after the amount of acreage in any legal description when amounts are shown. And whenever any reference to the amount of acreage is mentioned in the description, the following exception should be taken:

 

“Any inaccuracy in statement made as to the quantity of land contained within the boundaries of the land described in Schedule ‘A’.”

 

As an alternative, the references to the amount of acreage should be deleted from the insured legal description. Should a survey contain a reference as to the amount of acreage of the property and we are asked to remove the standard exception for survey matters, the following exception should be made in Schedule B of the policy:

 

“Any inaccuracy in any statement made on survey (describe survey) as to the quantity of landcontained within the boundaries of the land described in Schedule ‘A’.”

 

See also:

 

Affirmative Coverages

Survey Matters