Page 86 - ALTA Endorsements Guide

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ALTA 12

Aggregation – Loan Policy

An Aggregation Endorsement is often requested in multi-state transactions when mortgages on
different properties secure the same indebtedness. The endorsement ties together several policies
and provides that the amount of insurance under the Loan Policy, to which the endorsement is

attached, shall be the aggregate of the amount of insurance under each Loan Policy identified in the
endorsement. Any payments made by the title insurer under the policy, as endorsed, reduces the

aggregate amount of coverage available under all the policies listed in the endorsement.

The ALTA 12 is intended for use when policies insuring mortgages in more than one state are being

aggregated for liability purposes in the amount of the combined sum of all mortgages. The ALTA 12
is the appropriate endorsement for this purpose, only if the state single risk limit for all states for

which policies are issued is equal to or more than the combined principal amount of all mortgages
as aggregated.

When an ALTA 12 endorsement is used with respect to a series of loan policies being aggregated,
each of the individual policies issued will have an ALTA 12 endorsement attached. This endorsement

is available for loan policies only.

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