Which of the following describes conditions in a title insurance policy?

The correct choice highlights the importance of limitations on the insurer's promise as essential conditions in a title insurance policy. Within the context of title insurance, these limitations define the scope of coverage and outline specific situations or factors in which the insurer will not provide protection. This is crucial for policyholders because it sets clear expectations about what is covered and what is not in any potential claims related to the property title.

For instance, limitations may include factors such as certain types of liens or unrecorded interests that the insurer won’t cover. By understanding these limitations, policyholders can make informed decisions about their title insurance and take additional protective measures if necessary.

While other choices such as exclusions, promissory notes, and owner's policy features relate to title insurance, they do not encapsulate the essential aspect of limiting the insurer's commitments in the same way that limitations do. Exclusions refer to specific items that are not covered, but limitations provide a broader context of the insurer's overall promise.