Guideline: MT Mineral Rights, Damage to Improvements Endorsement 100.31

Explanation:

Provides the owner with coverage against loss resulting from physical not aesthetic damages to the improvements already in existence and constructed subsequent to policy date which result from the use of the surface of the land for the extraction or development of minerals excepted from the legal description or shown as a reservation in Schedule B of the policy.

Underwriting Requirements:

(1) This endorsement may be issued when either the rights of surface entry have been expressly waived at the time of the mineral severance or the rights of surface entry have been subsequently released by the owner of the minerals.

(2) If the rights of surface entry have not been waived, a complete investigation should be made and the appropriate Stewart Title Guaranty underwriting personnel consulted before issuance of this endorsement.

The underwriting guidelines contained herein have been provided for general reference. The facts, circumstances, and location of the subject property should be considered when determining the issuance of the requested form or endorsement. Please note that all of the forms and endorsements included in this system may not be available in all states. Accordingly, please contact the appropriate Stewart Title Guaranty Company underwriting personnel in order to determine availability.

Compliance with the underwriting guidelines contained herein in no way obligates Stewart Title Guaranty Company to issue any form or endorsement.

This guideline applies to the following form(s):

MT Mineral Rights, Damage to Improvements Endorsement 100.31