STG Secondary Insurance Endorsement 2
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
This Policy is a Secondary Policy of Title Insurance and does not supersede, modify, limit or expand any coverage existing under any policy of title insurance now in effect which affects the property described in Schedule A. There are presently issued policies of title insurance issued by _____________________________ Company in the amount of _________________ and by _______________________ Company in the amount of __________________________________ . Under this policy, ____________________ Company does not assume any liability or duty of defense hereunder unless and until the loss or aggregate of losses sustained by Insured, against which said policies provide insurance, shall exceed the sum of ________________ being the total amount of the aforesaid policies.
THIS ENDORSEMENT MAY NOT BE ISSUED WITHOUT APPROVAL FROM STEWART TITLE GUARANTY UNDERWRITING PERSONNEL
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