Page 2 - ALTA Endorsements Guide

FOREWARD

The American Land Title Association (ALTA) promulgates standardized title insurance
policies that provide basic coverages for many common title insurance needs.
Additionally, ALTA also offers a list of endorsements for real estate transactions that
require additional coverages other than those accounted for in the title insurance policy.
Endorsements are used to expand, limit, or otherwise modify, the policy’s standard
coverages.

There is no one-size-fits all approach to endorsements. Some endorsements
specifically apply to owners’ policies, others are strictly suitable for loan policies, and
some equally applicable to both. Likewise, there are endorsements that explicitly apply
to each residential and commercial property transaction. This guide is designed to be a
catalog and overview of the most commonly issued ALTA endorsement forms. It
contains the text of each listed endorsement, as approved and adopted by ALTA.

Old Republic Title’s ability to approve and issue an endorsement is contingent upon a
review of all applicable local ordinances, state laws and governmental regulations.
Accordingly, the availability of the forms contained in this guide may vary from state to
state, and in certain circumstances, from city to city. Additionally, the underwriting
procedures and guidelines for issuing an endorsement are generally determined by the
specific conditions of the transaction. Some transactions may present special risks or
circumstances that call for additional underwriting analysis. This guide should not be
considered a commentary of the underwriting requirements used in association with
issuing endorsements. It is best to contact your underwriter, on a case-by-case basis,
for in-depth interpretations.

It is important to remember that endorsements are made as part of the title insurance
policy, and therefore, subject to all of the terms and provisions of the policy and any
prior endorsements.

Old Republic Title appreciates your interest and looks forward to the opportunity to
provide solutions that meet your real estate needs. For questions or more information
about this guide, or any of our products and services, please contact your local Old
Republic Title representative.

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