What does an insurable title imply regarding marketability?

An insurable title indicates that a title insurance company is willing to issue a policy for the title after conducting its examination and determining that any defects or issues can be addressed through insurance. However, this does not automatically mean that the title is marketable. Marketability implies that the title is free from defects and can be easily sold or transferred, which may not always be the case with an insurable title.

The phrase "may not be marketable depending on specifications" reflects the reality that certain title issues or limitations could still exist, making it less favorable in the eyes of potential buyers. These issues could include liens, easements, or unresolved claims that might affect a buyer's willingness to purchase the property, hence impacting marketability.

It’s important to recognize that just because a title is insurable does not guarantee that it meets all the standards for marketability—it may simply mean that risks can be mitigated through insurance. Therefore, the possibility of certain specifications causing marketability problems is valid and underlines the distinction between insurability and marketability.