STG Coinsurance (Underinsured) Endorsement 5
This form should not be used if a comparable ALTA version is available. If a comparable ALTA version is available, the most current version of the ALTA form available in each state should be used, unless approved by a Stewart underwriter.
Attached to and Forming a Part of
Policy No. __________
STEWART TITLE GUARANTY COMPANY
The total liability of the Insurer under this policy shall be limited to a percentage portion of the loss suffered by the Insured, which percentage shall be equal to the ratio between the present value of the insured property as against the composite present value of the other properties used as collateral under the loan being insured in Schedule A.
This endorsement is made a part of the policy and is subject to all of the terms and provisions thereof and of any prior endorsements thereto. Except to the extent expressly stated, it neither modifies any of the terms and provisions of the policy and any prior endorsements, nor does it extend the effective date of the policy and any prior endorsements, nor does it increase the face amount thereof.
[Witness clause optional]
For issuing guidelines on this form, see Guidelines