What is indicated in Schedule A regarding the date of a policy?

Schedule A of a title insurance policy provides critical information regarding the specifics of the coverage being offered. The date designated as effective is particularly important because it indicates when the policy's coverage begins. This is the moment when the insurer assumes risk and provides protection against potential claims or defects in title that may arise from events that occurred before that date.

Having a clearly defined effective date helps both the insurer and the insured understand the scope of the coverage. It sets a boundary for any issues that may be considered under the policy, meaning any claims or defects in title that arise after this date would not be covered.

On the other hand, the date of issuance, expiration, and last revision are significant for administrative and operational functions but do not define the start of coverage in the same way. The date of issuance simply notes when the policy was created, while the date of expiration indicates when the policy coverage ends. The date of last revision refers to the most recent update made to the policy terms. While these other dates provide useful context, the effective date is the most critical for understanding when the protection actually begins.