Page 208 - ALTA Endorsements Guide
P. 208
ALTA ENDORSEMENT RETURN TO TABLE OF CONTENTS
ALTA 35.1-06
Minerals and Other Subsurface Substances - Improvements
The ALTA 35.1 gives coverage that is prospective in nature and is designed to provide limited
coverage for damage to any “Improvement” defined as the building(s) located on the Land at
Date of Policy and is expanded to include as other improvements affixed to the Land at Date of
Policy, including walkways and parking areas, but excluding coverage for crops, landscaping,
lawns, shrubbery, or trees, which are located on the surface of the Land arising from the
future exercise of any legal right existing at Date of Policy, to use the surface of the Land, to
extract mineral and other subsurface substances that are excepted from the description of the
Land or excepted in Schedule B. It specifically excludes contamination, explosion, fire, vibration,
fracturing, earthquake, subsidence or negligence by the extracting party. This endorsement is
available for both owner’s and loan policies.
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