ALTA
ENDORSEMENTS SAMPLES AND DESCRIPTIONS
ENERGY PROJECT – ENCROACHMENTS – FORM 36.7-06
Forms 36.7-06 (Energy Project – Fee Estate – Owner's)
These endorsement forms provide coverage to an owner on an energy project which uses a fee ownership of the Land structure. The loss may be triggered by “ejectment” from the Land (presumably as a trespasser because the Title is found to be different than insured.) These endorsement forms:
•
Add specific energy project definitions.
• Expand the “Valuation of Title” to clarify that loss on a single parcel shall include resulting loss to the integrated project as a whole. • Add coverage for “Severable Improvements” which is separately available with the previously filed ALTA 31-06 (Severable Improvements) form. • Modify the “Additional items of loss” section to include items appropriate to the energy project transaction. • Add a limitation that the coverage does not include loss resulting from environmental damage or contamination, to conform to policy provisions.
ALTA Endorsement — Form 36.7-06 (Energy Project – Fee Estate – Owner's - 12/01/14)
Form 36.7-06
Energy Project – Fee Estate – Owner's
- 226 -
Made with FlippingBook - professional solution for displaying marketing and sales documents online