Understanding Title Insurance Endorsements

• 810 (Condominium-Current Assessments): This endorsement gives more coverage in regards to condominium documentation. This applies also when a part of a policy where the insured land is a condominium unit. Included here is its percentage of interest in the common elements, like sidewalks and hallways.
• 820 (Planned Unit Development-Current Assessments):  Again, for this type of property, you also get more coverage in regards to the Planned Unit documentation.

Understanding Commercial Endorsements

If you are purchasing a commercial property, the endorsements will be different.  It’s important to understand what the changes mean.  We are going to go over the two most common ones you may see.

910 Endorsement

The 910 is the Commercial Environmental Protection Lien endorsement that is equivalent to the residential 900.  This endorsement is included with the Lender’s title insurance policy. 

710 Endorsement

Commercial lenders may be able to negotiate their mortgage rate from time to time, and that is where the 710 Variable Rate endorsement comes in.  This coverage insures the priority of the lien through any number of renegotiated interest terms.

Understanding the 1030 Endorsement – Restrictions, Encroachments, Minerals

Finally, we come to the 1030 endorsement.  If you live in certain counties where there is oil and gas mining, your policy and commitment will have this listed at the end of your endorsements. This will go on the Lender’s title insurance policy. Also, this provides protection against damages to improvements that may cross over an area where there is oil drilling or mining.

Still Have Questions?

We know understanding title insurance endorsements isn’t easy. If you have questions about endorsements or title insurance in general, please call us at 717-293-9760!  We will be happy to assist you in any way we can. Also, we want to give a special thanks to title examiner Linda Cunrod for her help with this post.