LATISSO Increased Coverage Endorsement Guideline 102

Explanation:

This endorsement offers the insured under an existing Owner or Loan Policy the ability to increase the amount of insurance with the same Company.

Underwriting Requirements:

When an insured under an Owner Policy shall have satisfied the Company as to the Full Value of the Land, and shall have paid the premium described hereafter, the Company, or its agent, may issue an Increased Coverage Endorsement.  Premium shall be the Basic Rate computed on the new amount less the premium computed for the existing policy and any Increased Coverage Endorsements previously attached thereto.

When an insured under a Loan Policy requests an increase, which shall not exceed the maximum amount of the mortgage, insured by such Loan Policy, and shall have paid the premium described hereafter, the Company, or its agent, may issue an
Increased Coverage Endorsement.  Premium shall be the Basic Rate computed on the new amount less the premium computed for the existing policy and any Increased Coverage Endorsements previously attached thereto.

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):

LATISSO Increased Value Endorsement (06-01-10) 102