Super Priority Liens – Extended Coverage

Real Estate Type: Commercial

Policy Type: Loan policy

Coverage:

The Super Priority Liens – Extended Coverage endorsement may be added to a commercial title insurance loan policy. The loan policy jacket provides coverage for deemed trust claims made by governmental authorities. This endorsement extends the existing title insurance coverage to include super priority lien claims made within 10 years following the discharge of the mortgage.

Note: this coverage is automatically included with all residential title insurance loan policies at no extra cost (institutional AND private lender transactions).

Exclusions:
Not available for vendor take-back (VTB) mortgages or for policies insuring private lenders where the lender is not in first or second priority.

Fee: $175.00

Coverage Qualifier:
Coverage capped up to a max. of $500,000.