OWNER POLICY ENDORSEMENTS (Residential & Commercial)
Residential - Owner’s Extended Coverage (“OEC”)
For newly built homes, unplatted land (i.e., a metes/bounds legal description) and in designated high risk areas, a request for extended coverage will generally give rise to a survey requirement.
Commercial - Delete Standard Exceptions
A request for deletions on a commercial policy will generally give rise to a survey requirement. The level of survey - Improvement Location Certificate (ILC), Improvement Survey Plat or ALTA - will be dictated by the amount of risk (i.e., the policy amount).
The above list includes common endorsements for owner policies.
A word about uses... (Coming Soon!)
ADDITIONAL INFORMATION
- In general, endorsement charges are either a flat rate, or a percentage of the applicable basic rate premium fee. Charges vary by underwriter, by county and by the type of property (commercial, residential or vacant land). Discounts do not apply to endorsement charges.
- For a complete list of available endorsements from Westcor, or any of our underwriters, please contact your account manager.