According to the ALTA 2006 form policy, where is the "Amount of insurance" defined?

The "Amount of insurance" is defined in Schedule A of the ALTA 2006 form policy. Schedule A is a crucial section of the title insurance policy as it outlines the primary details pertaining to the coverage. This includes essential information such as the name of the insured, the address of the insured property, and most importantly, the total amount of insurance being provided. By presenting this information in a dedicated section, it allows for clarity and easy reference for both the insured and the insurer, making it straightforward to understand the extent of the coverage in relation to the property's value.

In contrast, the Covered Risks section details what the policy covers, the Exclusions from Coverage lists what is not covered by the policy, and Schedule B typically provides additional information about exceptions to coverage. While these sections contain important specifics about the title insurance policy, they do not provide the actual figure representing the "Amount of insurance," which is specifically detailed in Schedule A. This structure ensures that all parties can quickly locate the coverage limits directly related to the insured property.