Escrow & Title
In North Dakota, what is the purpose of a title insurance 'endorsement'?
AA discount on the premium
BAn addition to the policy that provides coverage for a specific risk not covered by the standard policy✓ Correct
CA statement that the policy is transferable
DAn extension of the policy term
Explanation
A title insurance endorsement modifies the base policy to add coverage for specific risks (such as encroachments, zoning matters, survey issues) that are not covered by the standard policy form. Endorsements are available for a premium.
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