Common Title Insurance Endorsements

Endorsements are additions to a title insurance policy that extend or modify coverage for specific risks. They are commonly requested by lenders and sometimes by property owners to address particular concerns about a transaction. Team Goeglein at Fidelity National Title advises agents on which endorsements are available and appropriate for each closing.

ALTA 100 Series — CC&R and Encroachment Coverage: The 100 endorsement offers an explicit extension of coverage to an ALTA Extended Coverage Loan Policy, adding insurance for certain recorded and off-record matters related to Covenants, Conditions, and Restrictions (CC&Rs), encroachments, and mineral development rights. The 100.12 assures a lender or owner that existing CC&Rs do not contain any enforceable reverter or right of re-entry. The 100.18 provides coverage against loss from the exercise of reverter rights in CC&Rs.

ALTA 103 Series — Easement Coverage: The 103.1 endorsement covers loss from the exercise of use or maintenance rights of a particular easement. The 103.3 covers loss from forced removal of improvements that encroach upon an easement. The 103.7 provides assurance that the property abuts a specific, physically open public street — critical for access verification.

ALTA 100.23 and 100.29 — Mineral Rights: The 100.23 covers loss from the exercise of surface rights for extraction or redevelopment of minerals under an oil and gas lease. The 100.29 covers loss from mineral rights reserved or excepted from the property description — important for South Bay properties near oil fields or historic drilling areas.

ALTA 110 Series — Mortgage Modifications and Environmental: The 110.5 endorsement assures the lender concerning proper modification of the insured mortgage, including express priority coverage for loan modifications. The 110.9 provides the lender with coverage against loss from lack of priority over federal or state environmental protection liens — critical for properties near industrial or environmental cleanup sites.

ALTA 111 Series — Variable Rate and Revolving Credit: The 111.5 endorsement provides an insured ALTA variable rate mortgage lender with coverage against loss from invalidity or unenforceability of the insured mortgage resulting from variable interest rate terms, or loss of priority caused by changes in the rate of interest, unpaid interest added to principal, and interest on interest. The 111.10 endorsement assures the lender that future advances under a revolving line of credit have the same priority as advances made at the date of the policy.

Matt Goeglein and Xavier de la Piedra IV at Fidelity National Title help agents and lenders determine which endorsements are needed for each specific transaction in the South Bay and Westside LA. Contact Team Goeglein to discuss endorsement options for your next closing.