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ALTA 31-06

Severable Improvements Endorsement

The ALTA 31 endorsement insures against covered loss with respect to certain improvements to
the land that, due to the severable nature of the improvements, do not constitute real property.
This endorsement applies to commercial properties and insures an insured not only against a

loss resulting in the reduction in value of the insured’s interest in a “Severable Improvement,”
but also the reasonable costs associated with its removal, relocation, and transportation

up to one hundred (100) miles. The endorsement specifically states that it does not insure:
(1) ownership of the Severable Improvement; (2) the attachment, priority, or perfection of
any security interest in the Severable Improvement; (3) any defect, lien, or encumbrance in

the Severable Improvement; and (4) whether the Severable Improvement constitutes real or
personal property. This endorsement is only available for owner’s policies.

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