Page 78 - Guide to the Most Requested Commercial Title Insurance Endorsements eBook
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ALTA                           Table of Contents                 Quick Reference Index

                      ENDORSEMENT                    1      2       3         1      2       3      4       5      6




                                         TAX PARCEL ENDORSEMENT SERIES
                              ALTA ENDORSEMENTS 18-06, 18.1-06, 18.2-06, 18.3-06



                    I.     Purpose:

                           The ALTA 18 series of endorsements insures that the insured land is maintained on the
                           real estate tax rolls as one tax parcel (ALTA 18-06 and ALTA 18.3-06), or as several
                           different parcels (ALTA 18.1-06 and ALTA 18.2-06), which are insured as each having a
                           unique tax identification number and as containing no more or less property than the
                           property described in Schedule A of the policy.


                           The ALTA 18 series of endorsements may be issued with owner’s and loan policies.

                    II.    Coverage Provided:

                           a. ALTA 18-06 (Single Tax Parcel): Insures that all of the land described in Schedule A
                               of the policy constitutes a single tax parcel and is not being taxed as part of a
                               larger parcel of   The specific tax identification number is not referenced.


                           b. ALTA 18.1-06 (Multiple Tax Parcel – Easements): Insures different parcels of land
                               as each having a unique tax identification number and containing no more or less
                               property than the property described in Schedule A of the policy. The ALTA 18.1-06
                               is the only endorsement in this series that also insures against loss if the insured
                               easement(s) described in Schedule A of the policy can be cut off by non-payment
                               of real estate taxes or assessments imposed on the burdened property.


                            c. ALTA 18.2-06 (Multiple Tax Parcel): Provides similar coverage to the ALTA
                               18.1-06 except the ALTA 18.2-06 does not insure against the loss of the insured
                               easement(s) if the insured easement(s) described in Schedule A can be
                               extinguished by non-payment of real estate taxes or assessment imposed on the
                               burdened property. It is intended for use in those states where a tax forfeiture of
                               a burdened parcel can cut off or terminate the easement.


                           d. ALTA 18.3-06 (Single Tax Parcel and ID): Provides similar coverage to the ALTA
                               18-06 except the ALTA 18.3-06 insures the land taxed under a specific tax
                               identification number.















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