Endorsements= clauses in insurance policies detailing ___ from or ___ __ ___. Agents ___ get involved w adding endorsements to title policy. Those recommendations come from title company, ___, or attorney involved in transaction.
exemptions – changes in coverage – rarely – lender
Endorsements are clauses in insurance policies detailing additional coverage, exceptions from or changes to the standard terms and conditions of the policy. Agents may get involved in adding endorsements to a title policy but typically those recommendations come from the title company, underwriter, or attorney involved in the transaction.
Endorsements can be issued at any point between the issuance of the original policy and the closing of the transaction. Endorsements can provide coverage for specific issues or risks related to the ownership or use of the property, such as easements, access, zoning violations or improvements made without permits.
It is important to review the endorsements carefully and understand their implications as they will modify the terms and conditions of the original policy. In many cases, the inclusion of an endorsement may increase the premium of the policy, so it is important to weigh the cost against the additional protection that the endorsement provides.
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