STG Future Insurance Endorsement Guideline 3
Explanation:This endorsement is requested where the insured anticipates additional improvements to the property or a specific future transaction. The purpose of this endorsement is commit the title insurer to issue a future Policy; however, the Company has great reluctance to agree to issue future policies for higher amounts as to matters not then known by the insurer and thus places certain limitations in the Endorsement. The insured may be served as well by a Commitment (set forth in a currently issued endorsement) to issue a specific future endorsement provided no claim has theretofore been made or is pending.
Underwriting Requirements:A Senior Underwriter must approve issuance of the 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):