Hey Patricia,
I don't think there is anything wrong with that type of disclaimer. You are not trying to limit your liabilty for your negligence, by limiting the amount of the liability to the amount paid for the search. However, I wonder if it is really necessary? I'm not really sure what the scope of liability is for abstractors in Michigan, but I would assume that you would not be liable for providing "misinformation" if the source of the error or omissions was the public records, even without the disclaimer. Contractually, you are hired to search the public records and you could not be negligent if accurately report the public records.
I suppose the disclaimer makes that clear, and I don't have a problem with that. But, I'm not sure it really does much otherwise.
Best,
Robert A. Franco
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