Escrow & Title
In South Carolina, what is an 'endorsement' on a title insurance policy?
AThe insurer's approval of the property purchase
BAn addition to a standard title policy that expands coverage to include specific matters not covered by the base policy✓ Correct
CA signature on the deed by the title company
DA certificate of insurance provided by the title company
Explanation
A title insurance endorsement is an addition or modification to a standard policy that expands or modifies coverage. Examples include endorsements for planned developments (HOA), variable rate mortgages, access, or environmental liens.
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