View state supplements to the national underwriting manual.
When an owner's policy is to be issued, not in contemplation of a sale of the land, but for the purpose of insuring the title of its present owner, this type of insurance is referred to as insuring an "owner in possession."
The insurance of an "owner in possession" presents additional risks for the title insurer because:
Before attempting to insure an "owner in possession" extreme consideration must be given to the following matters:
Note: When insuring an owner in possession, no extended coverage should be granted.