American Land Title Association (ALTA) Practice Exam 2025 – Your Comprehensive All-in-One Guide to Success!

The requirement for the insurance policy to remain effective throughout the contract term is essential for ensuring that both the surveyor and the client are protected from potential liabilities that may arise during the surveying process. This continuity of coverage provides a safeguard, as any issues or claims that might emerge after the initial work is completed will still be covered under the policy.

Maintaining insurance throughout the contract term also assures clients that the surveyor is adhering to professional standards and is prepared to address any unforeseen circumstances that may come about due to the survey. This requirement benefits all parties involved, fostering confidence and maintaining professional integrity.

In contrast, obtaining insurance post-survey would leave a gap in coverage, leaving both the surveyor and the client exposed. Allowing for cancellation at any time would similarly create instability in liability coverage. Lastly, making insurance optional would impose significant risk, as it could lead to situations where critical claims are not covered, thus undermining the security that such policies are intended to provide.