Investment, land, developments, and other commercial transactions often involve one or more specific endorsements in the title commitment and final policy. Below is a list of some of the more common commercial endorsements which you might encounter, though it is not a complete list of endorsements available. Please note that not all endorsements are available on all title policies. All endorsements are subject to underwriting approval and may require additional evidence of insurability. Please discuss these in more detail with your escrow officer.
T-3 Area & Boundary Amendment (“Survey Coverage”)
Changes the standard survey exception in a policy to read, in its entirety, “Shortages in area.”
T-3 “Down Date” Endorsement
Extends the effective date and provides a title update to a policy or construction binder (useful in construction scenarios)
T-17 Planned Unit Development
Adds additional coverage related to violations of enforceable deed restrictions, priority of the insured lien over a lien for assessments, encroachments, and rights of first refusal.
T-19 Mineral and Surface Damage Endorsement (may include various subsections of T-19)
Adds additional coverage relating to damage to improvements (excluding lawns, shrubbery or trees) caused by mineral exploration and/or development.
T-23 Access Endorsement
Insures there is actual vehicular or pedestrian access to the property via a specifically identified street.
T-30 Deletion of Tax Rollback Exception
Amends the standard tax exception in a lender’s policy to provide coverage.
T-36 Environmental Protection Lien
Insures lien is not invalid, unenforceable and no loss of priority due to recorded environmental liens.
T-25 Contiguity (may include various subsections of T-25)
Insures an identified boundary line of one insured tract of land is contiguous to the identified boundary line of another insured tract and that there are no gaps, strips, or gores between the tracts.
T-16 Aggregation Endorsement
Ties together multiple lender’s policies that secure the same debt so that the amount of coverage under a specific lender’s policy is the sum of the policy amounts of all the lender’s policies.