In response to a number of requests, the following
Underwriting Bulletin is designed to answer any questions regarding Stewart
underwriting requirements for survey coverage.
Many of our agents do not seem to be aware that Stewart's underwriting
guidelines provide for survey coverage (without a current survey) for Lender's
Policies and for Owner's Policies, under most circumstances, without
additional charge or special requirements.
Owner's Policies: Stewart does not require
a survey in order to omit the survey exception in Owner's Policies covering
existing structures on 1-4 family residential property shown on recorded
subdivision maps. You may provide this added coverage at NO
additional charge. This applies to standard ALTA Owner's Policies, and to
the extended coverage ALTA Homeowner's Policies. This only applies to
existing residences (not vacant land, or new construction). You must take
exception for matters actually known (e.g. specific encroachments). Part
four of Stewart's title affidavit (Affidavit In Lieu Of Survey) must be
Omission of the survey exception may also be available on commercial
owner's policies based on a prior survey and an affidavit updating the survey
from the seller/owner, and the affidavit does not reveal actual knowledge that
improvements have been added since the date of the prior survey. You must add to
Schedule B specific exceptions for matters (such as specific encroachments)
shown on the survey and those matters revealed by the affidavit. In order
to omit the survey exception on commercial owner policies you must obtain
underwriting approval from Stewart.
Loan Policies: Stewart does not require a survey in order
to omit the survey exception in Loan Policies issued on 1-4 family
residential properties (except if there is new construction).
However, the title affidavit, revealing no survey concerns must be obtained.
Stewart does not require a survey in order to omit the survey exception in
Loan Policies issued on commercial transactions with liabilities of up to
$10,000,000.00 (except if there is new construction). The title affidavit
revealing no survey concerns must be obtained.
Endorsements: You may issue the ALTA Form 9 Endorsement
or CLTA Form 100 Endorsement (or similar Endorsement) on Loan Policies
covering 1-4 family residential properties or on Loan Policies
relating to commercial transactions of up to $10,000,000.00 without a
survey, if you comply with our other requirements for issuance of these
endorsements, and if you take exception for matters actually known (e.g.
General Requirements: In all cases, the appropriate title
affidavit must be obtained, and you must include specific exceptions (such as
specific encroachments) as provided above for matters actually known by you
(i.e. shown on a prior survey or revealed in the affidavit).
Questions: Should you have any questions on these or
other underwriting requirements, for residential or commercial transactions,
please call Dennis Anderson, Connecticut Underwriting Counsel, at
Should you have any questions, please call the State