A title insurance endorsement is extra coverage you can purchase when buying title insurance for your new home. Generally, title insurance is divided into two parts. Schedule A includes a description of the property, your name, the seller's name, and the amount of the insurance. Schedule B is usually considered more important because it lists the exceptions to the title insurance coverage. Examples of these exceptions are unrecorded leases or easements, utility company leases, zoning, eminent domain, inflation, and most other liens (leans). If you want coverage for something that is excepted in Schedule B, you can purchase an endorsement to delete the exception. To do this, you will have to meet requirements set by the insurer and pay additional fees. You may also have to provide affidavits (af-ih-DAVE-its) about surveys, possessions, or liens. For more information on title insurance endorsements, contact a title or real estate professional.
