What does an endorsement in a title policy typically do?

An endorsement in a title policy serves the purpose of adding additional coverage to the standard policy. This means that by obtaining an endorsement, the policyholder can receive protection against specific risks or issues that are not included in the basic title policy. For example, an endorsement might offer coverage for zoning issues, access rights, or provide additional coverage for fixtures and improvements on the property.

The ability to customize protection through endorsements is vital for addressing the unique needs of a property or the concerns of a buyer. It allows the insured party to tailor their coverage to fit various situations that may arise, enhancing the security that the title insurance provides. This flexibility in modifying the policy is what makes endorsements a crucial aspect of title insurance.