What does Condition 2, "Continuation of insurance," specify about coverage?

Condition 2, "Continuation of insurance," specifically indicates that coverage shall not continue in force indefinitely. This condition typically implies that the insurance coverage may be subject to certain limitations or conditions that could result in its termination after a specified event or period.

In the context of title insurance, it often reflects that the insurance is designed to protect the insured's interest in the property only for as long as certain criteria are met. For example, if there are default events or if the insured no longer holds an interest in the property, coverage may cease. This condition helps clarify that while title insurance provides valuable protection against defects and claims, it does not guarantee perpetual coverage without any contingencies.

Understanding this condition is crucial for policyholders, as it highlights the importance of being aware of the circumstances under which coverage terminates or remains active, affecting the long-term security of property rights.