Dozens of ALTA endorsements exist to cover a wide variety of situations that a property owner or lender may find themselves in. In this article, we are going to discuss the ALTA fairway endorsements and all they entail.
The Fairway Endorsement is typically used when the insured owner is a partnership. With this endorsement the Company agrees that in the event of a claim it will not assert as a defense that the coverage under the policy has been terminated because the insured partnership has been dissolved by the admission or withdrawal of a partner or a change in a partner’s interest in the partnership. Variations of the Fairway endorsement have been created which provide similar coverage to limited partnerships and limited liability companies on the same theory that those entities continue to exist when partners or members depart or enter.
To learn more about this and other ALTA easements, feel free to request your own copy of our endorsement book. In it, you will find information on dozens of ALTA endorsements, along with relevant examples.
Commercial Partners Title Company
At Commercial Partners Title Company, we work with clients all over the country, facilitating commercial transactions of all shapes and sizes. Our title closers, underwriters, escrow agents, and other team members are well-versed in the title insurance process and can help you through all the details of your property closing. Contact us today to learn more about our services and get help with your next commercial transactions. You can find us at our primary office, which is located in the heart of downtown Minneapolis.