BH Improvements Endorsement (08-31-2022)

IMPROVEMENTS ENDORSEMENT
(Bahamas – Version August 2022)

ISSUED BY STEWART TITLE LIMITED (the “Company”)

Agent’s File No.:__________________________________

Endorsement to Policy No.: _________________________________

Date of Issuance: _________________________________

Liability under this Policy as of the Date of Policy is limited to $____________USD. Liability shall increase as contemplated improvements are made so that liability hereunder shall be limited to said sum plus the amount actually expended by the insured in improvements in good faith and without knowledge of any defects in or objections to the title at the time the expenditure occurs. In no event shall the liability of the Company hereunder exceed the face amount of this Policy. Nothing contained in this paragraph shall limit any exception or any printed provision of this Policy.

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 Date of Policy and any prior Endorsements, nor does it increase the Amount of Insurance.

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.

This endorsement is only valid when it bears an authorized Stewart agent countersignature.

Countersigned by Authorized Stewart Agent:

_____________________________________
Authorized Signatory of Agent

Agent: _____________________________________

Address: ___________________________________

Issuing Guidelines: This endorsement is designed for use with an Owner Policy only. Underwriter pre-approval is required before offering this endorsement.