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STG Non-Cumulative Liability Endorsement Guideline 1

STG Non-Cumulative Liability Endorsement Guideline 1

Explanation:

The Owner's and Loan Policies contain non-cumulative liability provisions. These clauses provide that where payment is made under a Loan Policy and a mortgage executed by the insured, payment under the Policy reduces pro tanto the amount of insurance coverage under the Owner's Policy. H...

Any revision to this form requires approval of a Stewart Title Guaranty Company underwriter. 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):